Flexible example sentences

Exchange Rates in the Long Run: The Purchasing Power Parity (PPP) theory is used to make long-run predictions about exchange rates in a flexible exchange rate system.The extent to which we define ourselves either at personal or at social levels is flexible.Loan from a bank is a flexible source of finance as the loan amount can be increased according to business needs and can be repaid in advance when funds are not needed.The system is, however, followed by small business firms as it is very simple and flexible (you will study about them in detail later in this book).A simple and flexible labour legislation is helpful in running industries, maximising production and generating employment.In a completely flexible system, the central banks follow a simple set of rules – they do nothing to directly affect the level of the exchange rate, in other words they do not intervene in the foreign exchange market (and therefore, there are no official reserve transactions).Countries have had flexible exchange rate system ever since the breakdown of the Bretton Woods system in the early 1970s.Flexible budgets should be prepared which can be adopted if forecasts about future turn out to be different, especially in the face of changing environmental forces.It is important that standards should be flexible enough to be modified whenever required.In a system of flexible exchange rates (also known as floating exchange rates), the exchange rate is determined by the forces of market demand and supply.People with high selfconcept and self-esteem are generally flexible and open to new experiences, so that they can continue to grow and selfactualise.During 1914-45, there was no maintained universal system but this period saw both a brief return to the gold standard and a period of flexible exchange rates.Since differentiation in plants is open, the development could also be flexible, i.e., the development is the sum of growth and differentiation.People, who have a more open and flexible personality, change more easily.It is a mixture of a flexible exchange rate system (the float part) and a fixed rate system (the managed part).