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Ecommerce MCQs

A fixed exchange rate is one that _. a fixed exchange rate is achieved _.

Is set by the government or the central bank and is achieved by central bank intervention in the foreign exchange market

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

Follows a path determined by the government or the central bank and is achieved by central bank buying or selling domestic currency in the foreign exchange market

Is not influenced by market traders and can only be changed by the government

Answer

Correct Answer: Is set by the government or the central bank and is achieved by central bank intervention in the foreign exchange market

Explanation:

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Ecommerce MCQs

A fixed exchange rate is one that _______. a fixed exchange rate is achieved _______.

A fixed exchange rate is one that _. a fixed exchange rate is achieved _.