This preview shows page 1. Sign up to view the full content.
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?...
View Full Document
- Spring '08