1 Answer - Sort by: Date | Rating
The purpose of keeping a fixed exchange rate is to maintain the currency value of a country within control so that it doesn’t vary too much. Fixed exchange rates provide more certainty for the importers and exporters. They also help in keeping the inflation low as there would be less fluctuation in the value of the currency. This ultimately helps in encouraging more trade and investments.
0
0
- Explain The Economic Role Of Government?
- Why We Need Trade Cycle?
- What Ails Project Management In Developing Countries?
- What Fiscal Policies Are Required To Fight Unemployment?
- Explain The Effects Of The Business Cycle On Unemployment Rates?
- Why Study Of Macroeconomics Important?
- What Happened To Titineous?
- What Happened To Pendarus?
- How We Got Into The Recession?
- What Idea Is The Policy Of Assimilation Based On?
- I Need To Know What Does Canada Trade?
- Can Someone Tell Me What Does Canada Trade?
- Where Can You Find Olivine?
- What Does Canada Trade?
- If Government Spending Is£10000,autonomous Consumption Is£8,000,investments Is £4,000 And Net Exports £3600.given Marginal Propensity To Save Is 0.4 What Is The Consumption Function And Equilibrium National Income?
- If California Is In Such An Economic Crisis, Then Why Is The Government Allowing Millions Of Illegal Immigrants To Keep Attending Our Schools And Getting Social Services?
- Is Whaling Not The Major New England Industry?
- 2. What Are Some Of The Advantages Of A Mixed Economy?
- What Were Homes And Schools Like During The Years Of The Titanic?
- What Effect Does Supply And Demand Have On Price Of A Product?
- Can U Give Me Three Names Of Three Countries That Have A Traditional Economy?
- Appraise The Similarities And Dissimilarities Of Great Depression In 1930s With That Of Current Economic Meltdown?
- Which Factors Helped In The Introduction Of Capitalist Economy In Europe?
- How Is Wheat Produced?
- What Are The Importance Of Managerial Development?
- What Is The Effect Of Fixed Exchange Rates On Monetary Policy?
- What Are The Forward Exchange Rates?
- What Are Foreign Currency Exchange Rates?
- What Are The Two Major Types Of Exchange Rates?
- What Are The Pure Flexible Exchange Rates?
- What Are The Interventions To Manage Exchange Rates?
- What's The Formula For Calculating Exchange Rates?
Featured Question
New Comment - Comments are editable for 5 min.