Under the floating exchange rate system, the value of a country's currency is determined by
A) the monetary authorities of that country.
B) the United Nations Committee on Floating Currencies.
C) the currency's supply and demand in the global market.
D) countertrading.

Question

Quizplus · Accepted Answer

Under the floating exchange rate system, the value of a country's currency is determined by the currency's supply and demand in the global market, without intervention from monetary authorities or other external committees.

Under the Floating Exchange Rate System, the Value of a Country's