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juin [17]
3 years ago
10

How are flexible exchange rates​ determined?

Business
1 answer:
zhannawk [14.2K]3 years ago
4 0

Answer:

D. The exchange rate is determined where the quantity of a currency demanded is equal to the quantity supplied of the currency

Explanation:

If the exchange rate are flexible then; the market determinates the exchange rate of the national currency with foreing currencies. As all market; this is determinated where supply met demand.

Opposite to flexible exchange rates is the fixed exchange rate when the Government determinates at which exchange rate the national currency trades with others.

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