The rate which is determined by the government is known as:

none of these

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floating exchange rate

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fixed exchange rate

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flexible exchange rate

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Solution

The correct option is C
fixed exchange rate

The rate that is determined by the government is called the fixed exchange rate.

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Similar questions

How is the exchange rate determined under the flexible exchange rate regime?

(a) What is foreign exchange rate?

(b) How it is determined under fixed and flexible exchange rate system?

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