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Business Economics MCQs

A flexible exchange rate is one that _. it works _.

Is determined by demand and supply in the foreign exchange market; with no direct intervention by the central bank unless the exchange rate falls below or rises above a target value

Is determined by demand and supply in the foreign exchange market; with no direct intervention by the central bank

Follows a path determined by a decision of the government or the central bank; by central bank intervention in the foreign exchange market

Sets the exchange rate by decision of the government or the central bank; by central bank intervention in the foreign exchange market to block the unregulated forces of demand and supply

Answer

Correct Answer: Is determined by demand and supply in the foreign exchange market; with no direct intervention by the central bank

Explanation:

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Business Economics MCQs

A flexible exchange rate is one that _______. it works _______.

A flexible exchange rate is one that _. it works _.