Economics · International Economics
What does 'Floating of Currency' mean?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Banning the use of foreign currency in the domestic market
- 2Letting the exchange rate be determined by market demand and supply✓
- 3Pegging the currency value to another stronger currency
- 4Fixing the exchange rate based on gold
Correct answer
Letting the exchange rate be determined by market demand and supply
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