A mechanism for fixing exchange rates is the

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The gold standard was a mechanism in which the value of a currency was fixed to a certain amount of gold. This ensured that exchange rates between countries remained stable and predictable. However, the gold standard has largely been abandoned in modern times, and the current system is mostly based on floating exchange rates. The flexible exchange standard allows for exchange rates to be determined by the market, while the WTO agreement is a multilateral trade agreement that focuses on reducing barriers to trade.

A Mechanism for Fixing Exchange Rates Is the