Question: Read the chapter's closing case, and then answer the question. chapter's closing case A foreign exchange rate is the price of one currency, such as

Read the chapter's closing case, and then answer the question.

chapter's closing case

A foreign exchange rate is the price of one currency, such as the yuan, as in terms of another, such as the dollar. What determines foreign exchange rates?

.

The International Monetary Fund

(

IMF

)

.

Supply and demand

.

The banking industry

.

A balance of payments

(

BOP

)

Read the chapter's closing case, and then answer the question. chapter's

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