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Need answer for the exam When exchange rates are flexible, they are: O Determined by proclamation of the monetary authorities of a country. O Determined

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When exchange rates are flexible, they are: O Determined by proclamation of the monetary authorities of a country. O Determined by the relative levels of gold reserves. O Permitted to vary with changes in supply and demand in the foreign-exchange market. O Determined by the provisions of the Bretton Woods agreement

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