Question

    Which of the following statements is justifiable for

    'floating exchange rate"?
    A It reduces the foreign exchange. Correct Answer Incorrect Answer
    B It records international transactions of assets. Correct Answer Incorrect Answer
    C It is determined by the market forces of demand and supply. Correct Answer Incorrect Answer
    D It maintains an equilibrium between export and import. Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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