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What determines a currency's value in a floating exchange rate system?

A

Market demand and supply determine its value.

B

The central bank fixes its value against gold.

C

The country’s exports alone determine its value.

D

The government resets its official peg each day.

Card 1 of 20

4.1.8 Exchange rates Flashcards

  1. A Level
  2. /Economics
  3. /4.1.8 Exchange rates

20 flashcards on Edexcel A A Level Economics 4.1.8 Exchange rates: the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3.

Flashcards