A currency system in which exchange rates are determined in free markets is called a

A) gold standard. B) flexible exchange rate system.
C) fixed exchange rate system. D) all of the above

B

Economics

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A perfectly inelastic demand curve is represented by an upward-sloping straight line

a. True b. False Indicate whether the statement is true or false

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When will the long-run supply curve of a perfectly competitive market shift upward?

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