The floating rate system is characterised by :

A the market forces that determine the exchange rate between two currencies.

B the central banking authorities of the two countries mutually agree upon the rate.

C help realigning the par value of major currencies.

D the rate of exchange mutually agreed upon between IMF and its member nations.

Answer & Explanation
Answer:the market forces that determine the exchange rate between two currencies.

Article and Schedule Quiz	Start Test!

Take Mock Tests

Missiles Mock Test	Start Test!
SSC MTS Mock Test	Start Test
IBPS CLERK MOCK TEST	Start Test
SSC MTS 2022 JULY 26 Shift 1 (ENGLISH)	Start Test!
SSC GD Previous Year Paper 2021 Nov 17 Shift - I (Hindi)	Start Test!
SSC CGL Tier - 1 PYP 2022 April 21 Shift- 1 (ENGLISH)	Start Test!
MPSC PAPER I MOCK TEST 1 (ENGLISH)	Start Test!
IB Security Assistant Mock test 1 (english)	Start Test!
UP POLICE CONSTABLE MOCK TEST 1	Start Test!
DELHI POLICE CONSTABLE MOCK TEST 1 (HINDI)	Start Test!