In a floating exchange rate, the relative value of a currency:
A. is more predictable and less volatile.
B. is determined by market forces.
C. changes infrequently only under a specific set of circumstances.
D. is set against other currencies at some mutually agreed on exchange rate.
E. does not depend on the free play of market forces.
B
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The major elements of the income statement are
a. revenue, cost of goods sold, selling expenses, and general expense. b. operating section, nonoperating section, discontinued operations, extraordinary items, and cumulative effect. c. revenues, expenses, gains, and losses. d. all of these.
Total quality management emphasizes:
A) the responsibility of the quality control staff to identify and solve all quality-related problems. B) a commitment to quality that goes beyond internal company issues to suppliers and customers. C) a system where strong managers are the only decision makers. D) a process where mostly statisticians get involved. E) ISO 14000 certification.