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Flexible exchange rate is
  • a)
    Fixed
  • b)
    Determined
  • c)
    Ordered
  • d)
    Can’t say
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Flexible exchange rate isa)Fixedb)Determinedc)Orderedd)Can’t say...
The flexible rate of exchange is the rate that is determined by the supply-demand forces in the foreign exchange market
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Most Upvoted Answer
Flexible exchange rate isa)Fixedb)Determinedc)Orderedd)Can’t say...
Flexible exchange rate system under the the value of domestic currency in comparison to value of foreign currency fixed by the market demand and supply
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Community Answer
Flexible exchange rate isa)Fixedb)Determinedc)Orderedd)Can’t say...
B. Determined ,It is determined by the market forces such as demand and supply.
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Flexible exchange rate isa)Fixedb)Determinedc)Orderedd)Can’t sayCorrect answer is option 'B'. Can you explain this answer?
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