CBSE Class 12-commerce Answered
Difference between fixed exchange rate and flexible exchange rate in tabular form
Asked by sreenathsnair123 | 22 Dec, 2018, 07:21: AM
Expert Answer
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Fixed Exchange rate |
Flexible Exchange Rate |
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The exchange rate for a currency is determined by the government |
The exchange rate for a currency is determined by the forces of demand and supply of different currencies in the foreign exchange market
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Govt. buy foreign currency when exchange rate becomes weaker/Govt. sell foreign currency when exchange rate becomes stronger
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No government intervention
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Govt. maintains large reserves of foreign currencies to maintain the exchange rate at fixed level |
Exchange rate keeps on changing
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Answered by Tharageswari S | 24 Dec, 2018, 12:42: PM
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