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Open Economy Macroeconomics — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsOpen Economy Macroeconomics1 Mark
Question
What is ‘managed floating exchange rate’?
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Answer

Managed floating exchange rate is flexible exchange rate which can be moderated by the intervention of the central bank through buying and selling of foreign currencies in the open market.

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