Independently floating currencies have which of the following characteristics; they:
A) Strengthen when there is bad economic news
B) Rely heavily on governmental support for the national currency
C) Have their values determined by supply and demand for the currency
D) Comprise mainly of minor world currencies

Question

Quizplus · Accepted Answer

Independently floating currencies have their values determined by the forces of supply and demand in the foreign exchange market, rather than being fixed by a government or pegged to another currency.

Independently Floating Currencies Have Which of the Following Characteristics; They