Explain the meaning of managed flexible foreign exchange rate
Answers
Answered by
0
Explanation:
Explain the meaning of managed flexible foreign exchange
Answered by
1
Answer :
Managed floating exchange rate is the flexible exchange to reduce fluctuations in the rate. When foreign exchange rate is too high, the central bank starts selling the foreign currency from its reserves. When it is too low central bank starts buying foreign currency in the market.
Similar questions
Every currency area must decide what type of exchange rate arrangement to maintain.