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LizMaster
Course
BUSN369
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Subject
Business
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Question

What is the difference between independent floating, managed floating, and fixed exchange rate systems? Provide an example of a direct quote of an exchange rate.

Top Reviews

EYS***747 2019-09-16 06:46:06

thanks, great solution.

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Solution Preview

Hi Professor,
Independent floating exchange rate systems; it sets the values of major currencies based on their demand and supply in world currency markets.
Managed Floating Exchange Rate System; it depends upon the value of some currencies partly according to the demand and supply in the foreign exchange market, and partly by active

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