Question

Which of the following statements is true? (choose the correct alternative.)
Fixed exchange rate is determined by the market forces.
Floating rate of exchange refers to a fixed rate of exchange.
Supply of a foreign currency rises in response to a rise in its exchange
rate.
d. Currency depreciation occurs due to decrease in the demand for
foreign currency.
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Answer 1

Answer:

1)T

2)F

3)T

4)T

Explanation:

Is it right