Question

Match the columns:

1

Column-I

Column-II

(i) This exchange rate is determines by the

market forces of demand for and supply of

foreign exchange

(a) Fixed Exchange Rate

(ii) This exchange rate is determined by the

market forces of demand for and supply foreign

currency, with central bank intervention to buy

and sell foreign currencies in an attempt to

moderate exchange rate movements.

(b) Flexible Exchange Rate

(iii) This exchange rate is fixed by the

Government at a particular level.

(c) Managed floating exchange Rate For class 12​

Answer 1

Answer:

C (1), B(2), A(3), is your answer