difference between exchange rate and fixed rate on history class 10th
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Hy
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Exchange rates => They link National currencies purposes of International Trade there our boradly two kinds of exchange rates 6 exchange rate and floating exchange rate.
Fixed exchange rates => when exchange rates are fixed and governments intervene to prevent movements in them
Here is your answer
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Exchange rates => They link National currencies purposes of International Trade there our boradly two kinds of exchange rates 6 exchange rate and floating exchange rate.
Fixed exchange rates => when exchange rates are fixed and governments intervene to prevent movements in them
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A fixed exchange rate denotes a nominal exchange rate that is set firmly by the monetary authority with respect to a foreign currency or a basket of foreign currencies. By contrast, a floating exchange rate is determined in foreign exchange markets depending on demand and supply, and it generally fluctuates constantly.
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