Home › Bihar Board Class 12 (Arts) › Economics › Open Economy Macroeconomics › Which exchange rate system is set by market dema…
Which exchange rate system is set by market demand and supply?
AFixed exchange rate
BFlexible exchange rate
CGold standard rate
DDollar peg rate
Answer & Solution
Correct answer: B. Flexible exchange rate
A flexible rate is where the demand and supply curves of currency intersect.
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