What Are Some of the Disadvantages of a Freely Flexible

question 2

Essay

What are some of the disadvantages of a freely flexible exchange rate system with respect to the adjustment process?

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Definitions:

Bile

A digestive fluid produced by the liver, stored in the gallbladder, and released into the small intestine to aid in the digestion and absorption of fats.

Bloodstream

The flowing blood within the circulatory system of the body, carrying oxygen, nutrients, and waste products to and from the cells.

Colitis

Colitis is the inflammation of the inner lining of the colon and is associated with symptoms like abdominal pain, cramping, and diarrhea.

Colon

The part of the large intestine, extending from the cecum to the rectum, that absorbs water and salts from food remnants.