A major determinant of floating exchange rate is
...A major determinant of floating exchange rate is
The highest denomination of the currency
An Act of the parliament
The system of government
The forest of demand and supply
Correct answer is D
A floating exchange rate is a regime where the currency price of a nation is set by the forex market based on supply and demand relative to other currencies.
\(\begin{array}{c|c} Price (N) & 20 & 16 \\ \hline \text{Quantity demanded} & 100 &am...
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