determination of flexible exchange rate❓❓❓
Answers
Explanation:
Flexible rate of exchange is the rate which is determined by the supply-demand forces in the foreign exchange market. It is also called 'free exchange rate' as it is determined by the free play of supply and demand forces in the international money market.
Explanation:
Four ways to determine the rate of foreign exchange are:
Four ways to determine the rate of foreign exchange are:(a) Demand for foreign exchange (currency) (b) Supply of foreign exchange (c) Determination of exchange rate (d) Change in Exchange Rate!
Four ways to determine the rate of foreign exchange are:(a) Demand for foreign exchange (currency) (b) Supply of foreign exchange (c) Determination of exchange rate (d) Change in Exchange Rate!In a system of flexible exchange rate, the exchange rate of a currency (like price of a good) is freely determined by forces of market demand and supply of foreign exchange....
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