Fill in the Blank QuestionFill in the blank question.The current exchange-rate system is considered to be a mostly exchange-rate system because of the periodic currency interventions by governments.

Fill in the Blank QuestionFill in the blank question.An exchange-rate system in which rates are determined by supply and demand without government intervention is called a(n) -exchange-rate system.

A exchange rate system allows currency values to fluctuate against one another based on supply and demand.

The purpose of a fixed exchange rate system is to keep a currency's value within a narrow band.

What is an exchange rate?A.The value of one currency relative to anotherB.Any form of money used to pay for goodsC.The increase in the price of goods over timeD.The total value of a country's imports and exports

Explain the multiple exchange rate system and the advantages associated with it.