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
    Under managed floating exchange rate system, central bank determines the exchange rate and excessive fluctuation is checked by the market forces.

    A) True

    B) False

    C) Partially true

    D) Incomplete statement

    Correct Answer: B

    Solution :

    Under managed floating exchange rate system, market forces determine the exchange rate and excessive fluctuation is checked by the central bank.


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