Question

How is the equilibrium exchange rate determined under the flexible exchange rate system?

Answer 1

it is a flexible change of rate Vicky William change rate determined under flexible exchange rate system

Answer 2

Answer:

The equilibrium exchange rate is the interaction of the supply of a currency and the demand for a currency. As in any market, the foreign exchange market will be in equilibrium when the quantity supplied of a currency is equal to the quantity demanded of a currency.