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If the Band of Allowed Fluctuation Under a Fixed Exchange

question 3

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If the band of allowed fluctuation under a fixed exchange rate system is made very wide,the system will resemble:


Definitions:

Particular Fund

A specific investment fund targeted toward certain assets or investment strategies.

Law of Negotiable Instruments

A branch of law that deals with the rights and duties of parties to documents like checks, bills of exchange, and promissory notes.

Assignable

Capable of being transferred or made over to someone else, typically referring to rights or property.

Holder in Due Course

A legal term referring to a person who has acquired a negotiable instrument in good faith for value and without notice of any defects in title.

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