Note: -You are altempting question 9 out of 12Which among the followin

1.	Note: -You are altempting question 9 out of 12Which among the following is NOT correct?a) Floating exchange rate system works on the market mechanismb) The system of floating exchange rate requires comprehensive governmentintervention.c) Floating exchange rate breeds uncertainties and speculationd) Economic and political factors and value judgments influence the choice of theexchange rate systemAnswerAВC.oSubmitprimevideo
Answer» Answer: A floating exchange rate is one that is determined by supply and demand on the open market. A floating exchange rate doesn't MEAN countries don't try to intervene and MANIPULATE their currency's price, since GOVERNMENTS and CENTRAL banks regularly ATTEMPT to keep their currency price favorable for international trade.

Note: -You are altempting question 9 out of 12Which among the following is NOT correct?a) Floating exchange rate system works on the market mechanismb) The system of floating exchange rate requires comprehensive governmentintervention.c) Floating exchange rate breeds uncertainties and speculationd) Economic and political factors and value judgments influence the choice of theexchange rate systemAnswerAВC.oSubmitprimevideo

Answer»

Answer:

A floating exchange rate is one that is determined by supply and demand on the open market. A floating exchange rate doesn't MEAN countries don't try to intervene and MANIPULATE their currency's price, since GOVERNMENTS and CENTRAL banks regularly ATTEMPT to keep their currency price favorable for international trade.

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