Q38
Two tier exchange rate system is a form of
A.
Different exchange rate
B.
Fixed rate
C.
Multiple exchange rate
AnswerD.
Flexible rate
Answer: Option C
Solution
Answer: Option C
Solution:
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.