Question

explain the distinction between the flexible exchange rate and managed floating exchange rate​

Answer 1

Explanation:

Dear Student, fixed exchange rate is a rate which is set by the authorities on the basis of foreign exchange. By contrast, a floating exchange rate is the rate that is determined by the foreign exchange market depending on the supply and the demand of foreign exchange.

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Answer 2

Comparatively less fluctuations as government intervenes to ensure that the rate does not vary much