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Since the Early 1970s, Exchange Rates Among Major Currencies Have

Question 22

Multiple Choice

Since the early 1970s, exchange rates among major currencies have been free to float, with ________ determining the relative value of a currency. Thus, each day a currency's price relative to that of another freely floating currency may stay the ________.


A) risk/beta forces; increase or decrease.
B) market forces; increase or stay the same.
C) risk/beta forces; same, increase, or decrease.
D) market forces; same, increase, or decrease.

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