Question: Question 1 4.5+3 a) Compare and contrast the fixed, freely floating, and managed float exchange rate systems. What are some advantages and disadvantages of a

Question 1 4.5+3 a) Compare and contrast the fixed, freely floating, and managed float exchange rate systems. What are some advantages and disadvantages of a freely floating exchange rate system versus a fixed exchange rate system? b) Explain the difference between sterilized and non-sterilized intervention.

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