GangnamGlitz
Thu Aug 08 2024
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7 answers
1669
What are the benefits of a foreign exchange rate system?
Could you elaborate on the advantages of implementing a foreign exchange rate system? How does it help economies and businesses transact seamlessly across borders? What role does it play in maintaining financial stability and promoting international trade? I'm particularly interested in understanding how it can mitigate risks associated with currency fluctuations and facilitate efficient capital flows.
