What is the difference between a fixed and a flexible exchange rate system? a) In a fixed exchange rate system, central banks determine the price...
What is the difference between a fixed and a flexible exchange rate system?
a) In a fixed exchange rate system, central banks determine the prices of foreign currencies, while in a flexible exchange rate system, the price of currencies is determined in the foreign exchange market.
b) In a fixed exchange rate system, the price of currencies is determined in the foreign exchange market, while in a flexible exchange rate system, central banks determine the prices of foreign currencies.
c) In a fixed exchange rate system, the price of currencies is determined by supply and demand, while in a flexible exchange rate system, the price of currencies is determined by central banks.
d) There is no difference between the two systems.
a) In a fixed exchange rate system, central banks determine the prices of foreign currencies, while in a flexible exchange rate system, the price of currencies is determined in the foreign exchange market.
b) In a fixed exchange rate system, the price of currencies is determined in the foreign exchange market, while in a flexible exchange rate system, central banks determine the prices of foreign currencies.
c) In a fixed exchange rate system, the price of currencies is determined by supply and demand, while in a flexible exchange rate system, the price of currencies is determined by central banks.
d) There is no difference between the two systems.
Preguntas Generales
¿Sabes cómo responder a esa pregunta?
¡Crea una cuenta y ayuda a otros compartiendo tus conocimientos!
✏️ Responder
Para escribir su respuesta aquí, Ingresar o Crear una cuenta
Otros materiales
Preguntas relacionadas
Compartir