Imagine that Canada, the United States, and Mexico decide to adopt a fixed exchange rate system. What

Question:

Imagine that Canada, the United States, and Mexico decide to adopt a fixed system. What would be the likely consequences of such a system for (a) international businesses and (b) the flow of trade and investment among the three countries?
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...