Fixed Exchange Rate - Foreign Exchange Rate | Class 12 Economics | CBSE 2023-24

Fixed Exchange Rate - Foreign Exchange Rate | Class 12 Economics | CBSE 2023-24

✅Class: 12
✅Subject: Economics
✅Chapter: Foreign Exchange Rate
✅Topic Name: Fixed Exchange Rate

👉 In this video, we will discuss the Fixed Exchange Rate - Foreign Exchange Rate. This is a very important topic for Class 12th students preparing for the CBSE exam. The fixed exchange rate means that the rupee will remain at a fixed rate with respect to other currencies even when the demand for rupees changes. This is good for Indian exports as it helps to keep the rupee relatively stable. However, it makes imports more expensive as the rupee is worth less. We will discuss the pros and cons of a fixed exchange rate and how it affects the Indian economy.

There are many other important chapters that we are going to cover in upcoming videos for class 12. Stay tuned with ScoreShala.

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