What Makes Countries with Fixed Exchange Rates Prone to Speculative

question 44

Essay

What makes countries with fixed exchange rates prone to speculative attacks? Why don't the central banks of these countries stop these attacks?

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Definitions:

Loose

Not firmly or tightly fixed in place; detached or able to be detached.

Who's

A contraction of "who is" or "who has," commonly used in English language.

Quite

A word expressing a degree of agreement or the extent of an adjective or adverb; often used to modify statements.

Passed

Could refer to having been approved in a test or examination, or signifies someone or something that has moved beyond a certain point.