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Practice question

Question

Assertion (A): Manage floating exchange rate system is a hybrid system of exchange rate used by the most of the countries in recent time.
Reason (R): Excessive fluctuation in exchange rate system is checked by the central authority under dirty floating exchange rate.
Alternatives

Options

Choose one · Correct answer highlighted

Explanation

Assertion (A) is true and Resason BOP correct; tariff barrier makes imports costlier restricts trade.

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