Flexible exchange rate is determined by
  • a)
    Flexible exchange rate is determined by
  • b)
    Market forces of demand and supply
  • c)
    Supply of foreign exchange
  • d)
    Demand for foreign exchange
Correct answer is option 'B'. Can you explain this answer?

Commerce Question

2 Answers
Priyanshu Tiwari answered Dec 30, 2019
The Flexible exchange rates can be defined as exchange rates determined by global supply and demand of currency. In other words, they are prices of foreign exchange determined by the market, that can rapidly change due to supply and demand, and are not pegged nor controlled by central banks.

Ræjû Bhæï answered Dec 30, 2019
Flexible exchange rates can be defined as exchange rates determined by global supply and demand of currency. In other words, they are prices of foreign exchange determined by the market, that can rapidly change due to supply and demand, and are not pegged nor controlled by central banks.

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