International Business Management20805 marksTypes of exchange rate systems
Mention in brief, the types of exchange rate system.
Mention in brief, the types of exchange rate system. [5]
Exchange rate systems refer to the mechanisms by which a country's currency is valued in relation to other currencies. There are three broad categories of exchange rate systems, described below: --- A fixed exchange rate is a rate that the government (central bank) sets and maintains as the offic...