How do fixed-floating exchange rates differ in adjustments
How do fixed and floating exchange rates differ in their adjustments to shifts in the supply and demand for currencies? What are the advantages and disadvantages of fixed versus floating exchange rates?
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In International trade, the exporter is most often not familiar with the buyer, and therefore is not sure whether the importer is creditworthy. If inventory is sold abroad and the buyer refuses to pay, it may be impossible, for the seller to have
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