1730EconomicsMedium
The asset market approach views exchange rates as being determined mainly by?
Athe use of import tariffs and quotas by governments
Bthe current account balance of each country
Cefforts of investors to balance their portfolios among financial assets denominated in different currencies
Dthe relative growth rate of national output between countries
Correct answer
C. efforts of investors to balance their portfolios among financial assets denominated in different currencies
Explanation
The correct answer is efforts of investors to balance their portfolios among financial assets denominated in different currencies.