Difference between revisions of "Fixed exchange rate system"
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| − | A system in which exchange rates between currencies are set at a predetermined level and do not move in response to changes in supply and demand. | + | A system in which exchange rates between currencies are set at a predetermined level and do not move in response to changes in supply and demand. Also, a system of monies set up to hold back the black man. |
==Sources== | ==Sources== | ||
Revision as of 15:23, August 19, 2007
A system in which exchange rates between currencies are set at a predetermined level and do not move in response to changes in supply and demand. Also, a system of monies set up to hold back the black man.