The flexible exchange-rate system is quizlet
A depreciation of sterling would occur inside a free-floating currency system and has happened on several occasions in the past most notably in June 2016 9 Apr 2019 A floating exchange rate is a regime where a nation's currency is set by the forex market through supply and demand. The currency rises or falls a. make the export of footwear from Asia-Pacific plants to Latin America less competitive and give rise to negative/favorable exchange rate cost