How does a flexible exchange rate system in general adjust balanceofpayments disequilibria? How does a fixed exchange
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Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...
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The difference between a flexible exchange rate and a fixed exchange rate is given below It is impor...View the full answer
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Mehwish Aziz
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