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Question
Two friends Mira and Sindhu were discussing the exchange rate systems. ‘Under this system, the exchange rates are determined by the market forces of demand and supply. However, deliberate efforts are made by the competent authority to keep the exchange rates within a specific range’. The above-mentioned statement was given by Sindhu, identify the type of exchange rate system was she talking about?
Options
Fixed Exchange Rate
Floating Exchange Rate
Managed Floating Exchange Rate
Managed Fixed Exchange Rate
MCQ
Solution
Managed Floating Exchange Rate
shaalaa.com
Foreign Exchange Market - Managed Floating
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