Describe one weakness and one strength of the gold standard, Financial Management

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Describe one weakness and one strength of the gold standard

Describe one weakness and one strength of the gold standard. Do you agree with Milton Friedman that any system of pegged exchange rates is not a satisfactory system for countries with independent political systems; or do you agree with Ronald McKinnon when he says that the choice of exchange rate regime in a highly integrated global economy cannot be made by individual countries? Explain.

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Financial Management: Describe one weakness and one strength of the gold standard

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Financial Management: Describe one weakness and one strength of the gold standard

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