Price of one currency in relation to another currency, determined by the free market forces, is known as_____

CBSE Economics class 12 question and answer | Price of one currency in relation to another currency, determined by the free market forces, is known as_____. (Fill up the blank with correct alternative)

By
Mukesh Sharma
-
CBSE
CBSE.

CBSE Class 12 Economics Exam, Question 8: Price of one currency in relation to another currency, determined by the free market forces, is known as_____.

(Fill up the blank with correct alternative)

(a) Equilibrium Price

(b) Fixed Exchange Rate

(c) Foreign Exchange Rate

(d) Flexible Exchange Rate

The correct answer is (d) Flexible Exchange Rate.

The price of one currency in relation to another currency, determined by the free market forces, is known as Flexible Exchange Rate.

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