c) Explain the role of a floating exchange rate in adjusting to changes in the Balance of Payments. (6 marks) in economics australia
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A floating exchange rate, also known as a fluctuating or flexible exchange rate, is a type of exchange rate regime in which a currency's value is allowed to fluctuate in response to foreign exchange market mechanisms. It can play a significant role in adjusting to changes in the Balance of Payments Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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