What Is the Difference Between a Fixed,flexible,and Partially Flexible Exchange

question 153

Essay

What is the difference between a fixed,flexible,and partially flexible exchange rate regime? What are the advantages and disadvantages of each of these exchange rate regimes?

---

Definitions:

Market Share

Represents the portion of a market controlled by a particular company or product.

Share of Customer

The percentage of an individual customer's purchase of a product that comes from a specific company.

Zone of Tolerance

the range within which customers are willing to accept variations in a product or service's quality.

Customer Expectations

Customer Expectations refer to the preconceived notions or standards that consumers have regarding the quality, performance, and value of a product or service before making a purchase.