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प्रश्न
State the two exchange rate systems.
लघु उत्तरीय
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उत्तर
- Fixed Exchange Rate System: The exchange rate is fixed by the government or central bank and does not change frequently. The government intervenes in the foreign exchange market to maintain the fixed rate.
- Flexible (Floating) Exchange Rate System: The exchange rate is determined by market forces of demand and supply, and it fluctuates freely based on economic conditions.
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