Under a floating exchange rate regime, the determinant of the exchange rate is
Question
Under a floating exchange rate regime, the determinant of the exchange rate isOptions
A)
an Act of the National Assembly
B)
the highest denomination of the currency
C)
demand for and supply of foreign goods
D)
the system of government
Related Lesson: Meaning and Types of Exchange Rate | Fundamentals of International Trade
The correct answer is C.
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