QUESTION 4 Consider the following two figures. Japanese Yen per 1 US Dollar Graph Danish Krone per 1 Euro Graph 12 Mar 2018 16:00 UTC - 11 Apr 2018 16:48 UTC 12 Mar 2018 16:00 UTC - 11 Apr 2018 16:10 UTC 107.07591 7.4648491 106.39703 7.4552022 105.71816 T:4453552 105.03928 7.4359083 104.36040 7.4262613 Mar 12 Mar 19 Mar 26 Apr 2 Apr 9 Mar 12 Mar 19 Mar 26 Apr 2 Apr 9 Which of the following statements is correct? O A. the left figure describes a fixed exchange rate; the right figure describes a fixed exchange rate O B. the left figure describes a flexible exchange rate; the right figure describes a flexible exchange rate O C. the left figure describes a fixed exchange rate; the right figure describes a flexible exchange rate O D. the left figure describes a flexible exchange rate; the right figure describes a fixed exchange rate

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QUESTION 4
Consider the following two figures.
Japanese Yen per 1 US Dollar Graph
Danish Krone per 1 Euro Graph
12 Mar 2018 16:00 UTC - 11 Apr 2018 16:48 UTC
12 Mar 2018 16:00 UTC - 11 Apr 2018 16:10 UTC
107.07591
7.4648491
106.39703
7.4552022
105.71816
105.03928
7.4359083
104.36040
7.4262613
Mar 12
Mar 19
Mar 26
Apr 2
Apr 9
Mar 12
Mar 19
Mar 26
Apr 2
Apr 9
Which of the following statements is correct?
O A. the left figure describes a fixed exchange rate; the right figure describes a fixed exchange rate
O B. the left figure describes a flexible exchange rate; the right figure describes a flexible exchange rate
O C. the left figure describes a fixed exchange rate; the right figure describes a flexible exchange rate
O D. the left figure describes a flexible exchange rate; the right figure describes a fixed exchange rate
Transcribed Image Text:QUESTION 4 Consider the following two figures. Japanese Yen per 1 US Dollar Graph Danish Krone per 1 Euro Graph 12 Mar 2018 16:00 UTC - 11 Apr 2018 16:48 UTC 12 Mar 2018 16:00 UTC - 11 Apr 2018 16:10 UTC 107.07591 7.4648491 106.39703 7.4552022 105.71816 105.03928 7.4359083 104.36040 7.4262613 Mar 12 Mar 19 Mar 26 Apr 2 Apr 9 Mar 12 Mar 19 Mar 26 Apr 2 Apr 9 Which of the following statements is correct? O A. the left figure describes a fixed exchange rate; the right figure describes a fixed exchange rate O B. the left figure describes a flexible exchange rate; the right figure describes a flexible exchange rate O C. the left figure describes a fixed exchange rate; the right figure describes a flexible exchange rate O D. the left figure describes a flexible exchange rate; the right figure describes a fixed exchange rate
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Why isn't the answer b? How is the figure on the right fixed when it fluctuates?

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