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Economics Fundamentals MCQs

A flexible exchange rate is one that _______

Is determined by a decision of the government or the central bank and is achieved by central bank intervention in the foreign exchange market to block the unregulated forces of demand and supply

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 and is achieved by central bank intervention in the foreign exchange market

Operated in the world economy from the end of World War II to the early 1970s

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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