Which of the following best explains the difference between a fixed currency and a floating currency?

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asked Mar 12, 2021 206k views

2 Answers

Kolten · Answer 1 · 2021-03-13T20:39:57+0000

Answer:

A. The price of a floating currency is determined by the currency exchange market while the price of a fixed currency is connected to the price of some other commodity.

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Mendieta · Answer 2 · 2021-03-19T09:20:43+0000

Answer:

The price of a floating currency is determined by the currency exchange market while the price of a fixed currency is connected to the price of some other commodity.

Which of the following best explains the difference between a fixed currency and a floating currency?

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