ECON MICRO
5th Edition
ISBN: 9781337000536
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 20, Problem 4.6P
To determine
The difference between fixed and flexible exchange rate and the governmental measures to maintain fixed exchange rate.
Concept Introduction:
The method by which the currency of a country is regulated by its authority in accordance with other countries currencies and foreign exchange markets is known as the Exchange rate regime. The exchange rates are generally classified into fixed exchange rate and flexible exchange rate.
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