In January 2025
Answer to Question #293096 in Management for jean
How will you differ fixed exchange rate from a flexible exchange rate? What are the roles of these exchange rate systems in International Trade?
Fixed exchange rate system is referred to as the exchange system where the exchange rate is fixed by the government or any monetary authority. In a flexible exchange rate system, the value of the currency is allowed to fluctuate freely as per the changes in the demand and supply of the foreign exchange.
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