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 World3 Marks
Question
What is the difference between Fixed Exchange rates and Floating Exchange rates?
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Answer
Fixed exchange rates. When exchange rates are fixed and governments intervene to prevent movements in them. Flexible or floating exchange rates. These rates fluctuate depending on demand and supply of currencies in foreign exchange markets, in principle without interference by governments.
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