Analyze the concept of a fixed exchange rate and determine the factors that would make this a

Question:

Analyze the concept of a fixed exchange rate and determine the factors that would make this a viable system. Provide support for your response.

Analyze the advantages and disadvantages of tariffs. Provide support for your response.

Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...