Question : It refers to a system in which exchange rate of a currency is fixed by the government.
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)
16th Jan, 2024
Correct Answer:
Fixed exchange rate system
Solution :
Fixed exchange rate system refers to a system in which exchange rate for the films is fixed by the government.
Hence Option A is correct.
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