Ask Question
Social StudiesSocial Studies
13 September, 11:55

When the exchange rates are allowed to be determined by supply and demand, they are called which of the following? a. flexiblec. directb. fixedd. indirect

+1
Answers (1)
  1. 13 September, 12:16
    0
    Flexible

    Explanation:

    Flexible exchange rate system is a monetary system that is determined by the forces of demand and supply in the foreign exchange market, just like the price of a commodity. In response to the demand and supply change, the currency value is allowed to fluctuate freely without any form of government intervention or control by central banks.

    What Individuals who buy and sell currency in international market think the currency is worth affects the flexible rates, and their judgments are centered on the strength of the economy, debt levels of the country and interest rates of central banks.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “When the exchange rates are allowed to be determined by supply and demand, they are called which of the following? a. flexiblec. directb. ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Communicators in low-context culturesa. often imply conclusions rather than directly stating them. b. tend to be logical, analytical, and action oriented. c. tend to be intuitive and contemplative. d.
Answers (1)
When a project starts with a high priority but it is canceled because its rank erodes or crashes during its project life cycle. This is an example of what type of project closure?
Answers (1)
Betty just celebrated her fiftieth birthday. She marked the occasion by taking hang-gliding lessons and purchasing a more mature wardrobe. According to Levinson, Betty is engaged in which developmental task?
Answers (1)
In the global economy, Japan is a major participant because their location A) has made them a major military power. B) allows Japan to received aid from the United States. C) allows them to easily sell manufactured goods to the rest of the world.
Answers (1)
One way in which the Bantu people of West Africa (500 B. C.-A. D. 1500) and the people of Ireland (1840s) are similar is that both groups
Answers (1)
New Questions in Social Studies
The branch of economics which studies how households and firms make choices, interact in markets, and how government attempts to influence their choices is called A. microeconomics. B. positive economics. C. macroeconomics. D. normative economics.
Answers (1)
In what way did the United states and the Soviet Union represent two opposing political systems
Answers (1)
Gerald is an intellectually gifted child with an extensive vocabulary. He is emotionally mature and physically developed. Gerald's development in each of the three domains is best explained by which of Baltes' developmental ideas?
Answers (1)
Which tool might be used to limit imports from Cuba but maintain exports to Cuba
Answers (2)
BzzAgent sends consumers free samples of products and numerous coupons for the products with instructions that consumers should share their opinions of the products and coupons for the products with their friends, family, and social media contacts.
Answers (1)
Home » Social Studies » When the exchange rates are allowed to be determined by supply and demand, they are called which of the following? a. flexiblec. directb. fixedd. indirect
Sign Up Forgot Password?