explain the distinction between the flexible exchange rate and managed floating exchange rate
Answers
Answered by
0
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.
...
Answered by
1
Comparatively less fluctuations as government intervenes to ensure that the rate does not vary much
Similar questions