Floating exchange rates refers to

• A.  the ability of exchange rates to even out when displaced by shocks to the foreign exchange market
• B.  new issues of foreign exchange offered on the market
• C.  an exchange rate determined by the demand for and supply of a nation's currency
• D.  an excess demand for a nation's currency that causes its devaluation
• E.  an excess supply of a nation's currency that causes its appreciation