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A system where currency prices move up and down with demand and supply uses:
AFlexible exchange raters
BFlattened exchange rates
CFloating exchange rates
DFlowing exchange rates
Answer & Solution
Correct answer: C. Floating exchange rates
1. No fixed peg is held.
2. The market sets the price.
3. These are floating exchange rates.
_Source: OpenStax Introduction to Business, Chapter 3, Competing in the Global Marketplace._
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