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What is fixed exchange rates? include advantages and disadvantages and what affect does it have on individuals and businesses? What is floating exchange rates, include

What is fixed exchange rates? include advantages and disadvantages and what affect does it have on individuals and businesses?

What is floating exchange rates, include advantages and disadvantages and what affect does it have on individuals and businesses?

please make it simply and easy to understand (avoid difficult wording). English isn't my first language. Thank you

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