An Advantage of a Fixed Exchange Rate System Is That

question 15

True/False

An advantage of a fixed exchange rate system is that governments are not required to constantly intervene in the foreign exchange market to maintain exchange rates within specified boundaries.

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Definitions:

Credibility

The quality or power of inspiring belief; how trustworthy or believable a person, organization, or piece of information is perceived to be.

Likability

The quality or state of being pleasant, agreeable, and easy to enjoy, often influencing social acceptance and interpersonal relationships.

Salesperson

An individual who sells goods or services to customers for a living, often directly interacting with the buyers.

Social Pressure

The influence exerted by society or a social group on an individual to encourage conformity to norms, values, or behaviors.