Since they reduce uncertainty, fixed exchange rates are good for business.
Correct Answer:
Verified
Q341: Foreign exchange controls are systems of a
Q342: A fixed rate can be expensive because
Q343: Governments can use foreign exchange controls to
Q344: The benefits of floating exchange rates served
Q345: Foreign exchange controls may distort incentives for
Q347: The Bretton Woods agreement was abandoned in
Q348: The Bretton Woods agreement called for a
Q349: If the target exchange rate of a
Q350: A floating rate system eliminates uncertainty about
Q351: If a country adopts a fixed rate,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents