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    Economics Today Study Set 1
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    Exam 33: Exchange Rates and the Balance of Payments
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    When the Supply and Demand of Currencies in the Foreign
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When the Supply and Demand of Currencies in the Foreign

Question 147

Question 147

Multiple Choice

When the supply and demand of currencies in the foreign exchange market determines their relative values, this is known as


A) flexible exchange rates.
B) depreciation.
C) fixed exchange rates.
D) appreciation.

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