A condition in which official and autonomous exchange rate coexist is
ECONOMICS
JAMB 2011
A condition in which official and autonomous exchange rate coexist is
- A. dual exchange rate system
- B. managed floating rate system
- C. market determined exchange rate system
- D. multiple exchange rate system
Correct Answer: D. multiple exchange rate system
Explanation
multiple exchange rates is a system where a country will have both fixed and floating foreign exchange rates at the same time and both can be used when exchanging currencies in that country.
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *