1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
IgorC [24]
2 years ago
15

In a few sentences, explain the difference between a fixed exchange rate and a flexible exchange rate. What are the basic advant

ages and disadvantages of each?
Social Studies
1 answer:
Kobotan [32]2 years ago
5 0

Answer:

Explanation

A fixed exchange rate happens when a country ties the value of its currency to some other common commodity or to the currency of another  i.e  an exchange rate where the currency of one country is linked to the currency of another country or a commonly traded commodity like gold or oil.  It provides country stability and the rate are predominantly determined by the government.

while Flexible exchange rate which is also known as floating exchange rate  serves to adjust the balance of trade. In this exchange, the currency price of a nation is set by the forex market based on supply and demand relative to other currencies. Unlike Fixed exchange, where exchange rates are determined by government, exchange rate is solely determined by the global demand and supply of currencies in Flexible exchange.

advantages of fixed exchange;

1.  it provides country stability as the investors always know the  worth of the currencies.

2. it prevent inflation from occurring in a country.

3.  It promotes currency stability.

disadvantages:

1. It can be very expensive to maintain as a country must have enough foreign  exchange reserves to manage its currency rate.

2. it require higher interest rates.

advantages of flexible exchange:

1. it promotes stability in the balance of payment

2. promotes the domestic economy from shocks produced by disturbances

disadvantages:

1.  unstable conditions

2.  volatile in nature

You might be interested in
"Willy and Brogan, aged 16, enter into a written contract in which Brogan will sell his horse to Willy for $250. Before the sale
kow [346]

Answer:

parol evidence

Explanation:

Based on the scenario being described it can be said that the admission of Brogan's testimony is most likely governed by the parol evidence rule. This rule created to prevent a party from introducing evidence before the agreement was made final in order to change the existing contract. Which is what Brogan is doing in this scenario by trying to release evidence about his age before the finalization of the contract.

7 0
3 years ago
On-accidental, inappropriate contact or the use of force with an individual that causes injury or physical pain is considered wh
Sergeu [11.5K]

Physical abuse.

<h3>What is physical abuse?</h3>
  • Physical abuse is defined as the use of physical force that may result in bodily injury, physical pain, or impairment.
  • Physical abuse may include but is not limited to such acts of violence as striking (with or without an object), hitting, beating, pushing, shoving, shaking, slapping, kicking, pinching, and burning.

To learn more about physical abuse, refer

to brainly.com/question/24448358

#SPJ4

3 0
2 years ago
Communication based on a speaker's body and voice, rather than on the use of words, is called: implicit communication non-verbal
siniylev [52]

Non-verbal communication is the correct answer.

Non-verbal communication is a type of communication that does NOT involve words. This type of communication is done through gestures, facial expressions, the tone of voice, the posture and distance between two people who are communicating.

7 0
3 years ago
Read 2 more answers
Which of the following economic goals focuses on ensuring citizens' well-being even in a crisis? A. Efficiency B. Equity C. Free
kotykmax [81]
The economic goals that focuses on ensuring citizens' well-being even in a crisis is : D. Security

It refer to a condition when the people still feel safe and has the feeling of being protected by the Government even at the hardest possible time

hope this helps<span />
7 0
3 years ago
A person who is satisfying the most basic level of needs is operating at which level of maslow's hierarchy of needs?
fiasKO [112]
Maslow's hierarchy of needs<span> is </span>one<span> of the best-known theories of motivation. Take a ... The lowest </span>levels<span> of the pyramid are made up of the </span>most basic needs<span>, while the </span>most<span> complex </span>needs<span> are at the top of the pyramid. ... </span>Satisfying<span> these lower-</span>level needs<span> is important in order to avoid unpleasant feelings or consequences.</span>
3 0
3 years ago
Other questions:
  • Write three words that you believe summarize Judaism. Explain why you chose these words.​
    7·1 answer
  • In one state, all cities and most towns have antismoking ordinances. A petition entitled "Petition for Statewide Smoking Restric
    11·1 answer
  • What is an example of the professor using descriptive statistics? She characterizes the first-year students at the college as co
    9·1 answer
  • The long-run aggregate supply curve shifts right if a. either immigration from abroad increases or technology improves. b. immig
    15·1 answer
  • I have this passage that says how did basketball start and it says which paragraph tells about the early basketball rules
    8·2 answers
  • PLLLLLLZZZZZZZZZ 10 PTS AND BRAINLIEST
    14·2 answers
  • The development of technology
    8·1 answer
  • Which personal traits best describe a worker in the field of forensic pathology?
    15·1 answer
  • How did Hammurabi build and<br> strengthen an empire?
    6·1 answer
  • provide one concluding statement and two recommendations on the issue of human rights violations to the government
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!