A major determinant of floating exchange rate is

Economics

JAMB 2014

A. the highest denomination of the currency
B. an Act of the parliament
C. the system of government
D. the forest of demand and supply

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Correct Answer: Option D

Explanation

A floating exchange rate is a regime where the currency price of a nation is set by the forex market based on supply and demand relative to other currencies.

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A major determinant of floating exchange rate is

Correct Answer: Option D

Explanation

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