O-LevelEconomicsInternational trade and globalisation2281/12 · Oct/Nov 2024 · Q291 Mark
The price of the US dollar in terms of other currencies is set by the forces of demand and supply. To what does this statement refer?
Aan alternative method of trade protection
Bthe determination of the exchange rate in a fixed exchange rate system
Cthe determination of the exchange rate in a floating exchange rate system
Dthe increasing globalisation of international trade
✓ Correct answer
C: the determination of the exchange rate in a floating exchange rate system
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