Describe the Difference Between Fixed and Floating Exchange Rates

question 30

Essay

Describe the difference between fixed and floating exchange rates.Which is better? Explain your answer.

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Definitions:

National Executive

The branch of government, or individuals within it, tasked with enforcing laws and managing the administration of a country.

Special State Conventions

Assemblies convened within a state for specific purposes, such as ratifying constitutional amendments or drafting a new state constitution.

U.S. Constitution

The foundational document of the United States, establishing the framework of the federal government and outlining the rights and freedoms of its citizens.

Ratify

The act of officially approving a treaty, agreement, or legislation, making it formally valid.