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Essay Details:
Essay text:
There are four types of currencies can be operated, which
are a floating, managed and fixed exchange rate.
Lots of developed industrial nations like US ($), UK (???) and Japan (???)
operate floating exchange rates. A floating exchange rate is known as
freely floating and should be self-regulating. It is often determined
by the market demand and supply without any other government or
official interference. As the exchange rate between pound and dollar
for example, the price of pound in terms of dollar would decided by
the demand for pounds from whom hold dollars and the supply of pounds
from sterling holder who want to buy dollars...
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