Question : It refers to a system in which exchange rate is determined by forces of demand and supply of different currencies in the foreign exchange market.
 

Question : It refers to a system in which foreign exchange rate is determined by market forces in central bank influence the exchange rate.
 

Question : Which of the following steps should taken by the central bank if there is excessive rise in the foreign exchange rate?

Question : The foreign exchange rate is determined by:

Question : A ________ exchange rate is determined by the forces of supply and demand in the foreign exchange market.