Under floating exchange rates, the exchange rate is set by a. negotiations among central banks of G7 nations. b. the U.S. Federal Reserve Board. c. the International Monetary Fund. d. the intersection of demand and supply curves in the currency markets.

Under floating exchange rates, the exchange rate is set by

a. negotiations among central banks of G7 nations.

b. the U.S. Federal Reserve Board.

c. the International Monetary Fund.

d. the intersection of demand and supply curves in the currency markets.

 

answer:

The correct choice is d

Explanation : – In a floating exchange rate , exchange rates would be determined by the forces of supply and demand .

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