Asked by
Jason Pilarczyk
on Oct 11, 2024
Verified
The free floating exchange rate system has been in effect since
A) 1900.
B) 1933.
C) 1945.
D) 1973.
E) 1985.
Free Floating Exchange Rate System
A currency system where the value of a country's currency is determined by the supply and demand for the currency in the foreign exchange market, without direct government control.
- Understand the effect of inflation rates on international currency values.
Verified Answer
JN
Learning Objectives
- Understand the effect of inflation rates on international currency values.