Answer:
A fixed exchange rate is a regime applied by a government or central bank ties the country's currency official exchange rate to another country's currency or the price of gold. The purpose of a fixed exchange rate system is to keep a currency's value within a narrow band.
Explanation:
In 2018, according to BBC News, Iran set a fixed exchange rate of 42,000 rials to the dollar, after losing 8% against the dollar in a single day. The government decided to remove the discrepancy between the rate traders used—60,000 rials—and the official rate, which at the time was 37,000.
<span>recent government spending be best described as: Constantly increasing
For example, due to aggressive welfare and foreign policies programs, United States' Debt under President Obama's supervision has increased for about $ 9 Trillion. The most amount of deficit in United States' history
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Economic growth and new wealth changed business in Europe because more people had wealth, they started buying more manufactured goods <span>
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His ambition led to the destruction of his character.
Mainly, the gold rush and warmer climate to farm. This drove people to settle in the west and south.
