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![Class 12] Write Summary of Flexible or Floating Exchange Rate System](https://d1avenlh0i1xmr.cloudfront.net/96b64c75-2ac8-4a96-8a6a-f09a69f4e27b/what-is-flexible-or-floating-exchange-rate---teachoo.jpg "Class 12] Write Summary of Flexible or Floating Exchange Rate System")
Class 12] Write Summary of Flexible or Floating Exchange Rate System
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Under the flexible exchange rate system, explain the net effect of an increase in NZ real income and a major capital inflow into New Zealand. (illustrate and explain your answer with an
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