Economics (10th Grade)
Exchange rate system
What is the difference between a fixed exchange rate system and a floating exchange rate system?
In a fixed exchange rate system, the exchange rate is determined by the market forces of supply and demand, while in a floating exchange rate system, the exchange rate is fixed by the government
In a fixed exchange rate system, the exchange rate is fixed by the government, while in a floating exchange rate system, the exchange rate is determined by the market forces of supply and demand
Both fixed exchange rate system and floating exchange rate system are same
None of the above
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