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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 meant by flexible exchange rate?
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Answer

Flexible exchange rate is the rate determined by the forces of demand and supply of foreign exchange and there is no official intervention in its determination.

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