asked 202k views
3 votes
In which exchange rate system is the exchange rate determined entirely by the supply of and demand for a currency

asked
User Lenita
by
7.8k points

1 Answer

3 votes

Answer: Floating exchange rate system.

Step-by-step explanation:

Floating exchange rate system is one in which the exchange rate is determined entirely by the supply of and demand for a currency.

In floating exchange rate system, the value of a currency fluctuates based on the happeninge that occur in the foreign exchange market.

answered
User Curiousgeek
by
8.3k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.