In a multiple exchange-rate system, the government determines which kinds of transactions are to be conducted at which exchange rate.

Name: In a multiple exchange-rate system, the government determines which kinds of transactions are to be conducted at which exchange rate.
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In a multiple exchange-rate system, the government controls the exchange rates for different types of transactions, such as trade or capital transactions, and may even create special exchange rates for certain groups or individuals.

In a Multiple Exchange-Rate System, the Government Determines Which Kinds