In a floating exchange rate, the relative value of a currency: A. is
QUESTION
In a floating exchange rate, the relative value of a currency:
A. is more predictable and less volatile.
B. is determined by market forces.
C. changes infrequently only under a specific set of circumstances.
D. is set against other currencies at some mutually agreed on exchange rate.
E. does not depend on the free play of market forces.
ANSWER
B
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