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GK
ENGLISH
CURRENT AFFAIRS
APTITUDE
BANKING
UGC NET
REASONING
COMPUTER SC.
COURSES
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Question
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
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Answer & Explanation
Answer: Option [B]
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