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What Is a Floating Exchange Rate? Give an Example of a Country

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Essay

What is a floating exchange rate? Give an example of a country that has a floating exchange rate and explain the advantage of this policy.


Definitions:

Information

Data, knowledge, or details that are provided or learned about something or someone.

Culture

The collective beliefs, practices, traditions, art, history, folklore, and societal structures belonging to a community of individuals.

Business

The practice of engaging in commercial, industrial, or professional activities with the aim of generating revenue and profit.

Genocide

The deliberate and systematic extermination of a national, racial, political, or cultural group.

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