What are the two main types of advantage of a flexible as opposed to a fixed exchange rate system What are the specific advantages subsumed under each main type of advantage of a flexible exchange rate system ...

The two main advantages of flexible exchange rate system as opposed to the fixed exchange rate syste ...

What are the two main types of advantage of a flexible as opposed to a fixed exchange

Question:

What are the two main types of advantage of a flexible as opposed to a fixed system? What are the specific advantages subsumed under each main type of advantage of a flexible system?
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...