A floating rate system eliminates uncertainty about the future value of a currency.
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Q345: Foreign exchange controls may distort incentives for
Q346: Since they reduce uncertainty, fixed exchange rates
Q347: The Bretton Woods agreement was abandoned in
Q348: The Bretton Woods agreement called for a
Q349: If the target exchange rate of a
Q351: If a country adopts a fixed rate,
Q352: Foreign exchange controls decrease the costs of
Q353: The benefits of fixed exchange rates served
Q354: Floating exchange rates lead to more stable
Q355: A floating rate can be expensive because
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