Question

Advocates say that fixed exchange rates can help a country deal with economic crises. true or false

Answer 1

False.

The given statement 'advocates say that fixed exchange rates can help a country deal with economic crises' is False.

A nation's economy suffers through an economic crisis when it abruptly decreases in power, generally due to a financial crisis. A recession, depression, or stagnation may result from an economic crisis.

When some financial assets lose a large part of their face value due to a financial crisis, it is considered a economic crisis. There were many recessions that coincided with bank panics during the 19th and early 20th centuries. Inflation, currency crisis, or financial/banking crisis are some examples of economic crises that slow down economic activity.

To Learn more about economic crises:

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