Practicing Success
Which of the following is also known as "Hybrid system" of exchange rate? |
Managed floating rate system Flexible exchange rate system Fixed exchange rate system Negotiable exchange rate system |
Managed floating rate system |
Managed floating rate system, which is also called as "Hybrid system" of exchange rate is a system in which foreign exchange rate is determined by the market forces and central bank stabilizes the exchange rate in case of appreciation or depreciation of domestic currency. |