Foreign exchange rates fluctuate due to changes in all but which of the following?
A)Political conditions.
B)Economic conditions.
C)Supply and demand for currencies.
D)Expectations of future events.
E)Whether the companies prepare financial statements under U.S.GAAP or IFRS.

Question

Quizplus · Accepted Answer

Exchange rates are not affected by whether companies prepare financial statements under U.S. GAAP or IFRS. The other options (political, economic conditions, supply and demand, and expectations of future events) are all factors that can impact currency exchange rates.

Foreign Exchange Rates Fluctuate Due to Changes in All but Which