Question

How is the foreign exchange rate determined under free exchange market​

Answer 1

Answer:

Key Takeaways. In a free-floating exchange rate system, exchange rates are determined by demand and supply. Exchange rates are determined by demand and supply in a managed float system, but governments intervene as buyers or sellers of currencies in an effort to influence exchange rates.

Answer 2

Answer:

Key Takeaways. In a free-floating exchange rate system, exchange rates are determined by demand and supply. Exchange rates are determined by demand and supply in a managed float system, but governments intervene as buyers or sellers of currencies in an effort to influence exchange rates.

Explanation:

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