Economy, asked by Adeela8198, 1 year ago

What is the difference between fixed exchange rate and flexible exchange rate

Answers

Answered by gurumirthan

Answer:

you can tell the answer

Answered by Anonymous

Fixed exchange rate system is referred to as the exchange system where the exchange rate is fixed by the government or any monetary authority. It is not determined by the market forces.

Flexible exchange rate system is the exchange system where the exchange rate is dependent upon the supply and demand of money in the market.

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