Unformatted text preview: 2. Explain the difference between fixed and flexible exchange rates. Pay particular attention to the role of the central bank. 3. Describe the Bretton Woods system of fixed exchange rates that was set up at the end of WWII and lasted until 1973. 4. What are the advantages and disadvantages of fixed exchange rates?...
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This note was uploaded on 03/10/2012 for the course ECON 1110 taught by Professor Tedloch-temzelides during the Spring '08 term at Pittsburgh.
- Spring '08