Social Sciences, asked by Anu726, 1 year ago

what is fixed exchange rate ?


lucky249: A fixed exchange rate is when a country ties the value of its currency to some other widely-used commodity or currency.
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Anu726: thank u
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Answers

Answered by Ankushmishra24
3
Since today there is no believer of purchasing power parity theory, we consider only demand -supply approach to foreign exchange rate determination. 1. Demand-Supply Approach of 

Anu726: thanks
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