Which of the following statements is true? a. The world has always been on a flexible exchange
Question:
Which of the following statements is true?
a. The world has always been on a flexible exchange rate system.
b. Governments do not intervene in international currency markets under a flexible exchange rate system.
c. Currently, exchange rates do not change very frequently.
d. Changing exchange rates can change both a country’s exports and its imports.
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d Changing exch...View the full answer
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