Banking System and Capital Market Questions and Answers for Competitive Exams

Q.

Under flexible exchange rate system, the exchange rate is determined by

[A] The Central Bank of the country
[B] The forces of demand and supply in the foreign exchange market
[C] The price of gold
[D] The purchasing power of currencies

Answer & Explanation

Answer: Option [B]

DOWNLOAD CURRENT AFFAIRS PDF FROM APP

Read More Economics Solved Questions

Please share this page