Question : Revaluation and devaluation are the part of which exchange rate system?
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)
12th Jan, 2024
Correct Answer:
Flexible exchange rate system
Solution :
Revaluation and devaluation are the part of flexible exchange rate system.
Hence Option B is correct.
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