SBI PO Mains Model Papers 3

Question : 133 of 155

Marks: +1, -0

Floating exchange rates refers to

the ability of exchange rates to even out when displaced by shocks to the foreign exchange market
new issues of foreign exchange offered on the market
an exchange rate determined by the demand for and supply of a nation’s currency
an excess demand for a nation’s currency that causes its devaluation
an excess supply of a nation’s currency that causes its appreciation

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