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Unit 1 Ch 3 : The Making of a Global World — Social Studies STD 10 — Question

CBSE BoardEnglish MediumSTD 10Social StudiesUnit 1 Ch 3 : The Making of a Global World1 Mark
Question
What do you mean by exchange rates?
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Answer

Exchange rates link national cur rencies for purposes of international trade. There are broadly two kinds of exchange rates-fixed exchange rate and floating exchange rate.

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