Chapter 5 - Types of Exchange Rates
Chapter 5 - Types of Exchange Rates

In this chapter, we will discuss about the two types of currency systems that are prevalent today: the fixed exchange rate system and the floating exchange rate system. We will also discuss about currency convertibility and how it can impact currencies. Finally, we will briefly speak about the Rupee in terms of the type of the currency system that it is under and its convertibility.

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