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Question
the correct boxes to complete the pairs. of exchange rate system to the way the exchange rate is de exchange rate determined by demand and supply of foreign currency exchange rate pegged to the value of another nation’s currency exchange rate determined by both government intervention and supply and demand managed floating fixed
In a floating - exchange - rate system, the exchange rate is determined by the demand and supply of foreign currency. In a fixed - exchange - rate system, the exchange rate is pegged to the value of another nation's currency. In a managed - exchange - rate system, the exchange rate is determined by both government intervention and supply and demand.
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managed: exchange rate determined by both government intervention and supply and demand
floating: exchange rate determined by demand and supply of foreign currency
fixed: exchange rate pegged to the value of another nation’s currency