What did floating exchange rates mean in the 1970s?
1970s में floating exchange rates का मतलब क्या था?
Show answer and explanation
Correct Answer
A. Currency value market forces से बदलती थी / Currency value changed by market forces
Explanation
Step 1: Identify the concept: this is monetary system change. Step 2: After fixed exchange rate system broke, currencies moved with market demand-supply. Step 3: Remember floating rates with post-Bretton Woods.
Step 1: concept पहचानें: यह monetary system change है। Step 2: Fixed exchange rate system टूटने के बाद currencies market demand-supply से move करने लगीं। Step 3: Floating rates को post-Bretton Woods से याद रखें।