Business, 29.11.2020 22:50, makayyafreeman

Which of the following best explains the difference between a fixed currency and a floating currency?
O A. The price of a floating currency is determined by the currency
exchange market while the price of a fixed currency is connected
to the price of some other commodity.
B. The exchange rate for a floating currency is determined by the
price of gold while the exchange rate for a fixed currency never
changes.
C. The value of a floating currency fluctuates wildly while the value
of a fixed currency changes only slightly.
D. The amount of goods that a floating currency will buy changes
while the amount of goods a fixed currency will buy is established
by the government
I

Answers: 1

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Which of the following best explains the difference between a fixed currency and a floating currenc...