Under Flexible Exchange rate System :

Under flexible exchange rate system, the exchange rate is determined

  1. predominantly by market mechanism
  2. as a weighted index of a group of currencies
  3. by the Central Bank
  4. by the World Trade Organization
Anurag Mishra Professor Asked on 4th November 2015 in Economics.
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Answer: (1) predominantly by market mechanism

Anurag Mishra Professor Answered on 5th November 2015.
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