A flexible exchange rate is one that It works
A. is determined by demand and supply in the foreign exchange market; with no direct intervention by the central bank unless the exchange rate falls below or rises above a target value
B. is determined by demand and supply in the foreign exchange market; with no direct intervention by the central bank
c. follows a path determined by a decision of the government or the central bank; by central bank intervention in the foreign exchange market .
d. sale the exchange rate by decision of goverment of the central bank; by central bank intervention in the foreign exchange market to block unregulated forced by the demand and supply
