The flexible exchange-rate system is _____.

the method banks and other financial institutions use to calculate depreciation on trade deficits

a currency system in which governments try to keep the values of their currencies constant against one another

the result of a nation importing more than it exports

a currency system that allows the exchange rate to be determined by supply and demand

1 answer

The flexible exchange-rate system is a currency system that allows the exchange rate to be determined by supply and demand.