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    Principles of Microeconomics
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    Exam 20: Exchange Rates, Balance of Payments, and International Debt
  5. Question
    Floating Exchange Rates Are Market Determined, That Is, Supply and Demand
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Floating Exchange Rates Are Market Determined, That Is, Supply and Demand

Question 167

Question 167

True/False

Floating exchange rates are market determined, that is, supply and demand for foreign exchange sets the rate in the foreign exchange market.

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