The value of the U.S.dollar relative to the value of the British pound fluctuates with market conditions.What is this type of exchange rate?
A) Floating
B) Fixed
C) Indexed
D) Adjusted
E) Monitored

Question

Quizplus · Accepted Answer

A floating exchange rate is one that is not fixed and can fluctuate based on market conditions such as supply and demand. In this scenario, the value of the U.S. dollar relative to the British pound is not fixed, but rather fluctuates based on market conditions, making it a floating exchange rate.

The Value of the U