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What is a Fixed Exchange Rate?

+3 votes

asked Feb 19, 2019 in Class 12 by kratos

What is a Fixed Exchange Rate?

foreign exchange rate
class-12
balance of payments
cbse

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1 Answer

+3 votes

answered Feb 6, 2020 by kratos

Best answer

When exchange rate are fixed by the Government or the Central Bank, it is called Fixed Exchange Rate.

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