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

WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

Your School's Whatsapp Group - Join Us now

Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts

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.

Previous Next

Go back to Econs classroom

Report an Error Ask A Question Download App

Contributions ({{ comment_count }})

Please wait...

{{ settings.no_comment_msg ? settings.no_comment_msg : 'There are no comments' }}

Quick Questions

to l learn from now? Answer this

1 Answers · Language · 16 hours ago
table of values for the WAEC physics practical 2mao? Answer this

1 Answers · 5 years ago
explain petty cash book for me? Answer this

1 Answers · Accounting · 1 day ago

WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

A major determinant of floating exchange rate is

Correct Answer: Option D

Explanation

Contributions ({{ comment_count }})

Please wait...

Modal title

Report

Block User

{{ feedback_modal_data.title }}

Quick Questions

Post your Contribution

Sign In