Arrange the steps involved in determining the exchange rate in the flexible exchange rate system :

(A) Determination of X-axis (amount of Foreign Exchange in $) and Y-axis (The Exchange Rate)

(B) Marketing of Exchange Rate corresponding to the intersection

(C) Determination of Demand Curve & Supply Curve of Foreign Exchange

(D) Determination the intersection point of Demand & Supply curve

(E) Exchange rate determined

Choose the correct answer from the options given below :

(A), (C), (D), (B), (E)

The correct answer is option (2) : (A), (C), (D), (B), (E)

(A) Determination of X-axis (amount of Foreign Exchange in $) and Y-axis (The Exchange Rate)

(C) Determination of Demand Curve & Supply Curve of Foreign Exchange

(D) Determination the intersection point of Demand & Supply curve

(B) Marketing of Exchange Rate corresponding to the intersection

(E) Exchange rate determined