Question: What is the difference between fixed and floating exchange rates? a . Floating exchange rates are more volatile than fixed rates. b . Usually the

What is the difference between fixed and floating exchange rates?
a. Floating exchange rates are more volatile than fixed rates.
b. Usually the floating exchange rate is set by law, making changes to the exchange rate very costly to governments.
c. The currency board only converts to a floating exchange rate.
d. Fixed exchange rates are more volatile than floating rates.

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