Price of one currency in relation to another currency, determined by the free market forces, is known as_____
Mukesh Sharma December 15, 2021
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.
