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CBSE Class 12-commerce Answered

What is the difference between fixed and flexible exchange rate?
Asked by Topperlearning User | 19 Apr, 2016, 12:42: PM
answered-by-expert Expert Answer

Fixed exchange rate is fixed by the government or Central bank of a country and the changes can be made by the government.

Flexible exchange rate is determined by demand and supply forces of varied currencies in the foreign exchange market.

Answered by | 19 Apr, 2016, 02:42: PM
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ANSWERED BY EXPERT ANSWERED BY EXPERT
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ANSWERED BY EXPERT ANSWERED BY EXPERT
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Asked by Topperlearning User | 19 Apr, 2016, 12:42: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
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Asked by Topperlearning User | 19 Apr, 2016, 12:42: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 19 Apr, 2016, 12:42: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 19 Apr, 2016, 12:42: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 19 Apr, 2016, 12:42: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
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