What is foreign exchange and What are the types of exchange rate systems used in the foreign exchange markets worldwide?

Foundations of Business - Standalone book (MindTap Course List)
4th Edition
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter3: Exploring Global Business
Section: Chapter Questions
Problem 17CC
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What is foreign exchange and What are the types of exchange rate systems used in the foreign exchange markets worldwide?
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