Economy, asked by Parul612, 2 months ago

what is flexible exchange rate system and fixed exchange rate system

Answers

Answered by arbgamer001

3

Answer:

Fixed exchange rate system is referred to as the exchange system where the exchange rate is fixed by the government or any monetary authority. ... In a flexible exchange rate system, the value of the currency is allowed to fluctuate freely as per the changes in the demand and supply of the foreign exchange.

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