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प्रश्न
What is the exchange rate system prevailing in most of the countries of the world at present? Define it.
व्याख्या
लघु उत्तर
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उत्तर
In a flexible exchange rate system, the exchange rate is left free to be determined in the foreign exchange market by the forces of demand and supply. A flexible exchange rate system is a system in which the value of a country's currency is determined by the forces of demand and supply in the foreign exchange market, without direct intervention by the government or central bank.
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