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:

Angle

A geometric figure formed by two rays, called the sides of the angle, sharing a common endpoint, called the vertex of the angle.

Synarthrosis

A type of joint that is immovable, typically found in the skull.

Movement

The act or process of moving, particularly of the human body or parts thereof.

Allows

To permit or give permission for something to happen.