Business Studies, asked by darlzanu14, 2 months ago

Flexible exchange rate for and against

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Answered by ItzMrVinay

Answer:

Explanation:

One of the major shortcomings of flexible exchange system is that there is an absence of a stable medium of exchange, a stable unit of account, a stable store of value and a stable standard for deferred payments. The world commodity, capital and exchange markets get split into several small units.

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