Fixed exchanged rates can help a country deal with economic crises. a. True b. False

1 answer:

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False fixed exchanged rates can help a country deal with economic crises. A fixed exchange rate stays the same to keep their exchange and currency value as narrow as possible. By doing this a country can regulate how another countries currency holds to theirs more consistently. Cuba is an example of a country with a fixed exchange rate, most countries do not hold a fixed rate.

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