Two tier exchange rate system is a form of
A. Different exchange rate
B. Fixed rate
C. Multiple exchange rate
D. Flexible rate
Answer: Option C
Solution(By Examveda Team)
Two tier exchange rate system is a form of Multiple exchange rate. In a multiple exchange rate system, the concept is the same, except the market is divided into many different segments, each with its own foreign exchange rate, whether fixed or floating.This Question Belongs to Management >> International Finance And Treasury
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