Under ____________ there is no interference of monetary authorities to decide exchange rate.
A)Fixed
B)Floating
C)Both of these
D)Fixing

Name: Under ____________ there is no interference of monetary authorities to decide exchange rate. A)Fixed B)Floating C)Both of these D)Fixing
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Question

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Under a floating exchange rate system, the value of a currency is allowed to fluctuate according to the foreign exchange market without interference from the government or the country's monetary authorities.

Under ____________ There Is No Interference of Monetary Authorities to Decide