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Are countries using the floating exchange better off today than countries not using the floating exchange...

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Finance

Are countries using the floating exchange better off today thancountries not using the floating exchange rate system? please giveme an elaborate and unique answer. No copy and paste, and nohandwriting please. thanks!

Answer & Explanation Solved by verified expert
4.4 Ratings (711 Votes)
Few countries use floating rate exchange and few countries do not use floating exchange rate A country should have strong foreign exchange reserve for not using floating exchange rate    See Answer
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