Economy, asked by rahulsingh827, 5 months ago

why flexible exchange rate called free exchange rate?

Answers

Answered by Anonymous

3

Flexible rate of exchange is the rate which is determined by the supply-demand forces in the foreign exchange market. It is also called 'free exchange rate' or 'floating exchange rate' as it is determined by the free play of supply and demand forces in the international money market.

Answered by Anonymous

9

Answer:

Flexible rate of exchange is the rate which is determined by the supply-demand forces in the foreign exchange market. It is also called 'free exchange rate' or 'floating exchange rate' as it is determined by the free play of supply and demand forces in the international money market.✌️

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