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What is Flexible Exchange Rate?

+1 vote

asked Aug 17, 2018 in Class 12 by kratos

What is Flexible Exchange Rate?

open economy
class-12

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1 Answer

+6 votes

answered Feb 2, 2021 by kratos

Best answer

The Flexible Exchange Rate is that exchange rate which keeps on changing. This type of exchange is determined by market forces of demand and supply.

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