give one different between flexible exchange rate and fixed exchange rate
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give one different between flexible exchange rate and fixed exchange rate
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Answer:
Fixed rate is determined by the central government.
Flexible rate is determined by demand and supply forces.
Explanation:
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Answer:
A fixed exchange rate is a rate which is maintained and controlled by the central government. A Flexible exchange rate is a rate which is determined by the market force. A fixed exchange rate is controlled by an apex bank or a monetary authority. A flexible exchange rate is controlled by the demand and supply forces.
Explanation:
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