Question: Classify the following exchange rate regimes as fixed, intermediate, or flexible. Please assume that if the exchange rate regime is fixed, I am giving you

Classify the following exchange rate regimes as fixed, intermediate, or flexible. Please assume that if the exchange rate regime is fixed, I am giving you the exchange rate to which it is fixed:

a. The Korean won-US dollar exchange rate:

FRED South Korean Won to One U.S. Dollar 1,240 1,200 1,160 1,120

1,080 1,040 1,000 2012 South Korean Won to U.S. Dollar Spot Exchange

Rate 2014 2016 2018 Source: Board of Governors of the Federal Reserve

FRED South Korean Won to One U.S. Dollar 1,240 1,200 1,160 1,120 1,080 1,040 1,000 2012 South Korean Won to U.S. Dollar Spot Exchange Rate 2014 2016 2018 Source: Board of Governors of the Federal Reserve System (US) 2020 2022

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