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.
Option 1: Fixed exchange rate system
Option 2: Flexible exchange rate system
Option 3: Managed floating rate system
Option 4: None of the above.
Answer (1)
24th Jan, 2024
Correct Answer:
Flexible exchange rate system
Solution :
Flexible exchange rate system refers to a system in which exchange rate is determined by forces of demand and supply of different currencies in the foreign exchange market.
Hence Option B is correct.
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