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An exchange rate is fixed when it:

An exchange rate is fixed when it:
asked 87.3k views
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An exchange rate is fixed when it:

asked
User Flake
by
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1 Answer

5 votes

Answer:

is independent of demand and supply in the market

Step-by-step explanation:

when the government peg(fix) it at a certain value relative to other hard currencies like US dollar

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User Adbarads
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