The benefits of floating exchange rates served as one of the motivations for the international system of floating rates established after the Second World War.
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Q342: A fixed rate can be expensive because
Q346: Since they reduce uncertainty, fixed exchange rates
Q348: The Bretton Woods agreement called for a
Q349: If the target exchange rate of a
Q350: A floating rate system eliminates uncertainty about
Q352: Foreign exchange controls decrease the costs of
Q357: If a country fixes its exchange rate,
Q358: A fixed rate system eliminates uncertainty about
Q359: Fixed exchange rates lead to more stable
Q360: If a fixed currency is below its
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