📝 Multiple Choice Question
Economics
Which of the following exchange rates is determined by the market forces of demand and supply?
A
Soft pegged exchange rate
B
Floating exchange rate
C
Fixed exchange rate
D
Hard pegged exchange rate
Explanation
A floating exchange rate system allows a currency's value to fluctuate freely based on the foreign exchange market forces of supply and demand without direct government intervention.
Report Issue
Discussion (0 Comments)
Leave a Comment
No comments yet. Be the first to comment!
📌 Related Questions
Which country was a major importer of dye intermediates and castor oil...
Solve →The headquarters of the second Green Revolution cell was in ....
Solve →NDP = ....
Solve →What approach did Dadabhai Naoroji use to calculate the Poverty Line?...
Solve →Who is the founder of the Grameen Bank and widely considered the fathe...
Solve →