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    When Exchange Rates Are Not Determined in the Market but Are
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When Exchange Rates Are Not Determined in the Market but Are

Question 271

Question 271

Multiple Choice

When exchange rates are not determined in the market but are instead set by a country's central bank,we say that the country's exchange rate is


A) flexible.
B) fixed.
C) a nominal exchange rate.
D) a real exchange rate.

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