State which type of exchange rate has no official intervention in the foreign exchange market? How it is determined?

State which type of exchange rate has no official intervention in the foreign exchange market? How it is determined?

Balance of Payment Economics Class 12 CBSE Value Based Questions

Aadesh Bile
Jul 19, 2020
1 Answers

Answers

Pradeep

Aug 1, 2020

Flexible exchange rate has no official intervention. It is determined by the interaction of supply and demand in the foreign exchange market.

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