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Exchange rate measures the value of one currency in units of another currency. When a currency declines in value, it is said to depreciate. Fixed Exchange Rate System would be beneficial to a country for the following reasons. Investors would be able to invest funds in foreign countries, without concern about exchange rate movements of that currency.
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Chapter - 4 & 6 (Exchange Rate Determination & Goverment Influence on Exchange Rate)
Exchange rate measures the value of one currency in units of another currency. When a currency declines in value, it is said to depreciate. Fixed Exchange Rate System would be beneficial to …