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Commerce Short Question | Gkseries

Q.

The floating rate system is characterised by :

[A] the market forces that determine the exchange rate between two currencies.
[B] the central banking authorities of the two countries mutually agree upon the rate.
[C] help realigning the par value of major currencies.
[D] the rate of exchange mutually agreed upon between IMF and its member nations.
Answer & Explanation

Answer: the market forces that determine the exchange rate between two currencies.

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