alleryStart learning →Exchange rates are described as sometimes changing very:
APredictably
BVery swiftly
CVery slowly
DVery rarely
Answer & Solution
Correct answer: B. Very swiftly
1. Currency movements can be abrupt.
2. Exchange rates fluctuate substantially over time.
3. Exchange rates can sometimes change very swiftly.
4. That makes them hard to forecast.
_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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