Economics · International Economics
The determination of exchange rates under a flexible (floating) exchange rate system is based on:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Fixed parity ratios decided by the International Monetary Fund
- 2The forces of market demand and market supply of foreign currency✓
- 3Only the supply of domestic goods to foreign countries
- 4Only the domestic demand for foreign goods
Correct answer
The forces of market demand and market supply of foreign currency
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