While It Is True That Central Banks of Many Countries

question 83

Essay

While it is true that central banks of many countries intervene in the foreign exchange market, why wouldn't it be correct to say that central banks of these countries fix the exchange rates?

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Definitions:

Existential Therapy

A form of psychotherapy that emphasizes dealing with existential concerns like meaning, choice, and mortality, and argues that addressing these issues is key to psychological well-being.

Freedom

The power or right to act, speak, or think as one wants without hindrance or restraint.

Responsibility

The state or fact of having a duty to deal with something or of having control over someone.

Compromises

Solutions or agreements in conflict situations where parties involved concede aspects of their demands to reach an acceptable resolution.