What are Fixed and Flexible Exchange Rates?

1.	What are Fixed and Flexible Exchange Rates?
Answer» Fixed Exchange Rate-Fixed rate of exchange is a rate fixed and determined by the government of a country and government alone changes it. Flexible Exchange Rate-Flexible rate of exchange is that rate which is determined by the demand for and supply of different currencies in the foreign exchange market.

Answer»

Fixed Exchange Rate-Fixed rate of exchange is a rate fixed and determined by the government of a country and government alone changes it.

Flexible Exchange Rate-Flexible rate of exchange is that rate which is determined by the demand for and supply of different currencies in the foreign exchange market.

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What are Fixed and Flexible Exchange Rates?

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