The Benefits of Floating Exchange Rates Served as One of the Motivations

question 77

True/False

The benefits of floating exchange rates served as one of the motivations for the international system of floating rates established after the Second World War.

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Definitions:

Export and Import Permits Act

Legislation regulating the export and import of specific goods and technologies to and from a country.

Foreign Distribution Agreement

A legal contract between parties from different countries for the distribution of goods or services in a foreign market.

Political Risk Insurance

A type of insurance that provides financial protection to investors, firms, and projects from losses due to political events or actions in a given country.

Force Majeure Clause

A contract provision that frees parties from liability or obligation when an extraordinary event or circumstance beyond their control occurs.