(Answered) 1 discuss the pros and cons of fixed exchange rate systems

Finance

1. Discuss the pros and cons of fixed exchange rate systems and flexible exchange rate systems.

2. Low-income nations have a dilemma as to whether to fix or float the currency exchange rates. There are many factors that affect their decisions and how effectively they can manage a financial system. Discuss a few of these factors that play into the success of a policy.

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