Economy, asked by Twinklenibe5843, 1 year ago

What do you mean by fixed exchange rate.

Answers

Answered by satyavathilamps
2

Answer:

A fixed exchange rate is a regime applied by a government or central bank ties the country's currency official exchange rate to another country's currency or the price of gold. The purpose of a fixed exchange rate system is to keep a currency's value within a narrow band.

Explanation:

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