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4.1.8 Exchange rates

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

A

The central bank fixes its value against gold.

B

The government resets its official peg each day.

C

Market demand and supply determine its value.

D

The country’s exports alone determine its value.

4.1.8 Exchange rates Flashcards

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

Flashcards for Edexcel A A Level Economics 4.1.8 Exchange rates, covering the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3. 20 cards, matched to the Edexcel A A Level Economics (9EC0) specification.