General Studies · Macroeconomics
The currency exchange rate system in which the exchange rate is determined solely by the forces of demand and supply in the foreign exchange market is called:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Dual exchange rate system
- 2Flexible exchange rate system✓
- 3Managed exchange rate system
- 4Fixed exchange rate system
Correct answer
Flexible exchange rate system
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