alleryStart learning →Exchange rates are described as tending to fluctuate:
ASubstantially
BNever at all
COnly in wartime
DOnly once a year
Answer & Solution
Correct answer: A. Substantially
1. Currency values are not stable over time.
2. Exchange rates can sometimes change very swiftly.
3. Exchange rates tend to fluctuate substantially.
4. That holds even between bordering countries.
_Source: OpenStax Principles of Macroeconomics for AP Courses 2e (CC BY 4.0), Ch 15 'Exchange Rates and International Capital Flows'_
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