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What is a Fixed Exchange Rate? - Economics

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What is a fixed exchange rate? 

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Notes

Fixed exchange rate refers to the exchange rate which is held constant or fixed by the monetary authority of the country. The value of exchange rate does not deviate from the fixed or the constant level.

Systems of Exchange Rates
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
2011-2012 (March) All India Set 1
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