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ASSIGNMENTS
gcse economics - international trade - exchange rate systems
18.08.2008
FIXED EXCHANGE RATE SYSTEM
An exchange rate that is kept within a certain value. It is prevented from changing too much
e.g. the £ may have to stay within a certain value against the $
£1 = no less than $1.4 but no more than $1.6
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Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
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