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  3. Study Set
    International Economics Study Set 9
  4. Exam
    Exam 13: Introduction to Exchange Rates and the Foreign Exchange Market
  5. Question
    When Exchange Rates Are Very Volatile, with a Wide Range
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When Exchange Rates Are Very Volatile, with a Wide Range

Question 2

Question 2

Multiple Choice

When exchange rates are very volatile, with a wide range of variation, the currency is said to be:


A) in limbo.
B) in free float.
C) perfectly flexible.
D) in sluggish float.

Correct Answer:

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