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A nation allowed its currency to be valued based on supply and demand. This is known as a _______ exchange rate. A. floating B. market C. fixed D. free

A nation allowed its currency to be valued based on supply and demand. This is known as a _______ exchange rate. A. floating B. market C. fixed D. free
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A nation allowed its currency to be valued based on supply and demand. This is known as a _______ exchange rate. A. floating B. market C. fixed D. free

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User Styxxy
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2 votes

Answer:

A. floating

Step-by-step explanation:

answered
User Cbr
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This is known as a FLOATING exchange rate.
A floating exchange rate refers to a regime where the currency price is determined by the market based on the demand and supply in comparison with other currencies.
answered
User Vivek S Vamja
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