Question

What is the chief merit of the fixwd exchange rate system?

Answer 1

Thus, the chief merit of fixed exchange rate system is that it eliminates the possibilities of such uncertainties and associated risks and thereby promotes foreign trade. It is important to note that for the developing countries a stable or fixed exchange rate system has a special advantage.

Answer 2

Answer:

the chief merit of fixed exchange rate system is that it eliminates the possibilities of such uncertainties and associated risks and thereby promotes foreign trade. It is important to note that for the developing countries a stable or fixed exchange rate system has a special advantage.