xplain the impact of liquidity on exchange rate determination in Free floating exchange rate system? Can Afghani Ruppee, a less liquid currency, exchange rate determined on demand and supply forces? Jot down the 5 factors that determine exchange rate in free/managed floating exchange rate system?

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Explain the impact of liquidity on exchange rate determination in Free floating exchange rate system? Can Afghani Ruppee, a less liquid currency, exchange rate determined on demand and supply forces? Jot down the 5 factors that determine exchange rate in free/managed floating exchange rate system? Write the equation
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