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Under flexible exchange rate system, the rate of exchange between Indian rupee and US dollar is determined by ______. - Economics

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Question

Under flexible exchange rate system, the rate of exchange between Indian rupee and US dollar is determined by ______.

Options

  • The RBI

  • US Federal Bank

  • IMF

  • foreign exchange market

MCQ
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Solution

Under flexible exchange rate system, the rate of exchange between Indian rupee and US dollar is determined by foreign exchange market.

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Chapter 15: Balance of Payments and Exchange Rate - TEST YOURSELF QUESTIONS [Page 295]

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Frank Economics [English] Class 12 ISC
Chapter 15 Balance of Payments and Exchange Rate
TEST YOURSELF QUESTIONS | Q 9. | Page 295
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