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A pegged exchange rate is one where a currency value is fixed against another currency, basket of other currencies or something of widely acceptable value

A pegged exchange rate is one where a currency value is fixed against another currency, basket of other currencies or something of widely acceptable value such as the gold standard. Discuss THREE reasons why a country may opt to adopt a fixed exchange rate (3 mks) Enumerate THREE demerits resulting from heavy reliance on a floating exchange rate regime

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