A floating exchange rate system exists when:
a. The absolute value of currencies is pegged to other currencies.
b. The absolute value of currencies fluctuates in comparison to other currencies.
c. The relative value of currencies is pegged when compared to supply and deman
d.
d. The relative value of currencies fluctuates relative to supply and deman
d.
e. The value of currencies is fixed in a fixed exchange rate system.
Answer: d
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