Question : _________ is a hybrid system where exchange rate is allowed to float in a managed manner with the control of central bank.
Option 1: Flexible exchange rate
Option 2: Managed floating exchange rate
Option 3: Fixed exchange rate
Option 4: Adjustable peg system
Answer (1)
18th Jan, 2024
Correct Answer:
Managed floating exchange rate
Solution : The correct answer is (b) Managed floating exchange rate
In a managed floating exchange rate system, the exchange rate is determined by market forces of supply and demand, but the central bank intervenes occasionally
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