Question
If the rate at which one nation's money exchanges for one unit of another nation's money is determined by the forces of supply and demand,
If the rate at which one nation's money exchanges for one unit of another nation's money is determined by the forces of supply and demand, the two nations are on a:
A. relative exchange rate system.
B. flexible, or floating, exchange rate system.
C. fixed exchange rate system.
D. world-average-of-countries exchange rate system.
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Get StartedRecommended Textbook for
International Economics
Authors: Robert C. Feenstra, Alan M. Taylor
3rd edition
978-1429278515, 142927851X, 978-1319029517, 1319029515, 978-1429278447
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