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  • Banking Fundamentals and Financial Institutions
  • The foreign exchange rate is dependent on ______________.
Multiple choice

The foreign exchange rate is dependent on ______________.

  1. policies by government

  2. monetary policy directives

  3. demand and supply forces

  4. foreign exchange policies

  5. all of the above

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The foreign exchange rate is dependent on demand and supply forces.

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