Currency markets operate under a system called _____.This means that prices of currencies vary based upon demand and supply of that currency.
A)variable trade
B)variable costs
C)international trade rate
D)floating exchange rate
E)breakeven point

Question

Quizplus · Accepted Answer

The correct term is "floating exchange rate," which refers to a currency system where the price of a currency is determined by the foreign exchange market based on supply and demand relative to other currencies.

Currency Markets Operate Under a System Called _____