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Exchange rates state the value of one currency in terms of other currencies.
Which one of the following statements with respect to the exchange rate of currency is correct ?
(CDS 2021)
Which one of the following statements with respect to the exchange rate of currency is correct ?
(CDS 2021)
Anonymous Quiz
Floating exchange rate are rate in which the Government interfere by buying/selling their currencies
Fixed exchange rates are rates set by Government decisions and maintained by Government actions.
Under the Bretton Woods System, the exchange rate are floated in terms of rise/fall in price of gold
Under the classical gold standard, the exchange rates are fixed in terms of price of dollar.
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