MyQuestionIcon

11

You visited us 11 times! Enjoying our articles? Unlock Full Access!

Foreign Exchange and Exchange Rate

Very Short An...

Question

Very Short Answer Type Questions:
What is floating exchange rate?

Open in App

Solution

Flexible or Floating exchange rate system refers to a system in which the exchange rate of different currencies is determined by the forces of demand and supply in the foreign exchange market.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Very Short Answer Type Questions:
Give meaning of managed floating exchange rate.

Q. Very Short Answer Type Questions
What is meant by foreign exchange rate?

Q. Very Short Answer Type Questions
What is foreign exchange?

Q. Short Answer Type Questions:
Explain the meaning of Managed Floating Exchange Rate.

Q. Very Short Answer Type Questions:
What is meant by spot exchange rate?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Foreign Exchange

ECONOMICS

Watch in App

explore_more_icon

Explore more

Foreign Exchange and Exchange Rate

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon