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Explain the Notion of a Floating Exchange Rate Regime

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Explain the notion of a floating exchange rate regime.Give examples.


Definitions:

Psychologist

A professional specializing in diagnosing and treating mental health conditions, and studying human behavior and cognitive processes.

Unifying Themes

Central ideas or concepts that bring together various elements into a coherent and cohesive whole.

Psychology

The scientific study of the mind and behavior.

Empiricism

A theory in philosophy that emphasizes the role of experience and sensory perception in the formation of ideas, over the notion of innate ideas or traditions.

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