Question

disadavantages / demerits of fixed exchange rate❓❓​

Answer 1

The disadvantages of a fixed exchange rate include:

• Preventing adjustments for currencies that become under- or over-valued.
• Limiting the extent to which central banks can adjust interest rates for economic growth.
• Requiring a large pool of reserves to support the currency if it comes under pressure.

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Answer 2

Answer:

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