A country is said to have a exchange rate when the government keeps the exchange rate against other currencies at or near a particular target, while a country is said to have a exchange rate when the rate is allowed to move with the market. a. fixed, fixed b. Floating, floating c. flat, flexible d. stable, free market e. static, variable

Fixed

Explanation:

The government keeps the exchange rate FIXED the the same rate.

Like If a good is available to everyone in unlimited quantities at zero cost and effort, like the air we breathe, it is abundant. Everything else is considered scarce. Anything that can be traded or bartered is scarce by definition, scarcity is what gives a good economic value.