Economics 9708 · AS & A Level · 6.4

6.4 — practice question

Which pair shows that a country uses a freely floating exchange rate? nominal exchange rate / foreign currency reserves

  • Adepreciates by 20%, decrease by $1 billion
  • Bdepreciates by 20%, unchanged
  • Cunchanged, decrease by $1 billion
  • Dunchanged, unchanged

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