Explain how the exchange rate for a country is determined under a A fixed exchange rate system b A flexible exchange rate c A managed, or dirty, float ...

a Under a fixed exchange rate system a par value is set fo ...

Explain how the exchange rate for a country is determined under a. A fixed exchange rate system.

Question:

Explain how the for a country is determined under
a. A fixed system.
b. A flexible A managed, or dirty, float?
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...