Floating Exchange Rate

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Multiple Choice

What is a floating exchange rate?

  1. A system in which the value of a currency is determined by supply and demand in the foreign exchange market.
  2. A system in which the value of a currency is fixed by the government.
  3. A system in which the value of a currency is determined by a combination of supply and demand and government intervention.
  4. A system in which the value of a currency is determined by the central bank.
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