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State any one merit of flexible rate of exchange. - Economics

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Question

State any one merit of flexible rate of exchange.

Very Short Answer
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Solution

Flexible rate of exchange is useful for external equilibrium.

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Chapter 28: Foreign Exchange Rate - TEST QUESTIONS [Page 28.10]

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R. K. Lekhi and P. K. Dhar Economics [English] Class 12 ISC
Chapter 28 Foreign Exchange Rate
TEST QUESTIONS | Q A. 8. | Page 28.10
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