Answered step by step
Verified Expert Solution
Question
1 Approved Answer
3. (3 points) Under a free float exchange rate arrangement, the currency value is mainly determined by? a. government and central bank interventions. b. market
3. (3 points) Under a free float exchange rate arrangement, the currency value is mainly determined by? a. government and central bank interventions. b. market forces of supply and demand. c. the value of another currency that the currency is pegged to. d. none of above because under this exchange rate arrangement, countries do not print their own national currencies
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started