Across
- 4. An exchage rate determined by market forces but government can intervene to keep within a band
- 5. A measure of a country’s currency exchange rate weighted by the amount of trade with other countries
- 6. The increase in the fixed exchange rate
- 8. An exchange rate fixed to another currency
- 10. A decrease in the fixed exchange rate
- 11. A theory that says that in the long run, the exchange rates between countries should even out so that goods essentially cost the same amount in both countries
Down
- 1. The price of one currency in terms of another
- 2. The increase in the floating exchange rate
- 3. The price of one country's currency expressed in terms of another country's currency
- 7. An exchange rate allowed to fluctuate according to market forces
- 9. The decrease in the floating exchange rate
- 12. An exchange rate corrected for inflation
