Question: When a currency is allowed to increase or decrease freely according to market forces, the currency is said to: be pegged to another currency. have
When a currency is allowed to increase or decrease freely according to market forces, the currency is said to:
be pegged to another currency.
have independent float.
be less valuable.
devalue.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
