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Proponents of a fixed exchange rate system point out that a major drawback of a floating exchange rate is that it a)is responsible for creating
Proponents of a fixed exchange rate system point out that a major drawback of a floating exchange rate is that it
a)is responsible for creating trade deficits.
b)helps eliminate the uncertainty about the value of a currency.
c)keeps a nation from trading fairly with other nations.
d)is based on the value of gold held by a nations.
e)leads to uncertainty about the value of goods traded internationally.
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