Under ------ system exchange rates are determined by Central Bank
A. Bretton Wood system
B. Fixed exchange system
C. Adjustable Peg system
D. Crawling Peg system
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b)fixed exchange system
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fixed exchange rate, sometimes called a pegged exchange rate, is a type of exchange rate regime in which a currency's value is fixed or pegged by a monetary authority against the value of another currency, a basket of other currencies, or another measure of value, such as gold.
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