Discuss the pros and cons of fixed vs. floating exchange regimes. From the perspective of international business, what are the most important criteria in a choice between the systems? Which system is more desirable for international business?

ENGR.ECONOMIC ANALYSIS
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Author:NEWNAN
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Chapter1: Making Economics Decisions
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Discuss the pros and cons of fixed vs. floating exchange regimes. From the perspective of international business, what are the most important criteria in a choice between the systems? Which system is more desirable for international business?
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Step 1: Define International business

International business refers to commercial activities conducted by individuals, companies, or organizations that involve economic transactions across national borders. It encompasses various aspects of global trade and commerce, including the import and export of goods and services, foreign direct investments (FDI), etc.

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