English

Define foreign exchange market. - Economics

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Question

Define foreign exchange market.

Definition
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Solution

In a system of clean floating, the central bank stands aside completely and allows the exchange rate to be freely determined in the foreign exchange market.

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Chapter 15: Balance of Payments and Exchange Rate - TEST YOURSELF QUESTIONS [Page 296]

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Frank Economics [English] Class 12 ISC
Chapter 15 Balance of Payments and Exchange Rate
TEST YOURSELF QUESTIONS | Q 27. | Page 296
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