[[1]]exchanges remain flexible.

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Detailed Solution

Floating exchange remains flexible.
Exchange rates link different national currencies for the benefit of international trade. Consequently, all activity in the currency markets is centred on the exchange rate or the cost at which one currency can be exchanged for another. Fixed and floating or flexible exchange rates are the two primary categories into which exchange rates can be split.
Fixed Rates: The official exchange rates are set by the government and are unaffected by changes in the supply and demand of foreign currency.
Flexible or Floating Exchange Rates: These exchange rates fluctuate according to the supply and demand for foreign currencies on the foreign exchange markets, typically without government intervention.

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