Economics · Foreign Exchange and Currency
Under a floating exchange rate system, what determines the external value of a currency?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The Central Bank of the country
- 2The International Monetary Fund (IMF)
- 3Market forces of demand and supply✓
- 4The Ministry of Finance
Correct answer
Market forces of demand and supply
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