What is the term for exchange rates determined by the laws of supply and demand?

Question

Quizplus · Accepted Answer

Flexible exchange rates are determined by the laws of supply and demand and are allowed to fluctuate based on market forces. This is in contrast to fixed exchange rates, where the exchange rate is set by the government or central bank and remains fixed. Dirty exchange rates refer to a mix of fixed and flexible exchange rate systems, where the exchange rate is allowed to fluctuate within a certain range. Equilibrium exchange rates refer to the exchange rate that would balance supply and demand in the long run.

What Is the Term for Exchange Rates Determined by the Laws