Sports GK Questions and Answers 2024 (Latest Updated)

Awards & Honours GK Questions 2024 (Latest Updated)

Question

Which among the following is NOT correct?

A Floating exchange rate system works on the market mechanism
B Floating exchange rate breeds uncertainties and speculation
C Economic and political factors and value judgments influence the choice of the exchange rate system
D The system of floating exchange rate requires comprehensive government intervention

Answer & Explanation

Answer: The system of floating exchange rate requires comprehensive government intervention

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