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Class 12 Foreign Exchange Rate Notes by Disha is a document available to read on EtoBox.

What is Class 12 Foreign Exchange Rate Notes about?

This document discusses foreign exchange rates and systems. It defines foreign exchange as any currency other than the domestic currency. There are two main types of exchange rate systems - fixed and flexible. Fixed exchange rates are officially determined by the government while flexible rates are determined by market forces of supply and demand. The equilibrium exchange rate is where demand and supply of foreign currency are equal. The document also discusses currency devaluation, revaluation, depreciatio

Author

Disha

Language

EN