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प्रश्न
What is fixed exchange rate system?
What is fixed exchange rate?
लघु उत्तर
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उत्तर
In a system with a fixed exchange rate, the nation’s central bank formally sets the currency rate through official action. This rate is unaffected by shifts in the supply and demand for foreign money. The nation's central bank is prepared to purchase and sell foreign currency at a set price in return for domestic currency under a fixed exchange rate regime.
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