2. Questions Bank
  3. 12th Class
  4. Economics
  5. Foreign Exchange Rate

12th Class Economics Foreign Exchange Rate Question Bank MCQs - Foreign Exchange Rate

  • question_answer
    Flexible exchange rate is determined by the supply and demand of foreign exchange in the international market.

    A) True

    B) False

    C) Partially true

    D) Incomplete statement

    Correct Answer: A

    Solution :

    Flexible or floating exchange rate system is a market-based system where, price of foreign currency is determined at the foreign exchange market.


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