Which Type of Exchange Rate System Minimizes External Shocks to an Economy

question 88

Short Answer

Which type of exchange rate system minimizes external shocks to an economy?

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Definitions:

Growth Needs

Human desires for self-improvement, personal development, and progression towards one's fullest potential.

Social Level

Refers to the societal or community rank or position of an individual or group, often determined by socio-economic status, occupation, or education.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, which outlines a five-tier model of human needs, from basic physiological needs to self-actualization.

Participation

The act of taking part or being involved in an activity or event.