Under the fixed exchange rate system what was the currency, Management Theories

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Under the fixed exchange rate system what was the currency

1. Under the fixed exchange rate system, what was the currency against which all other currency values were defined? Why?

2. Exchange rates fluctuate under both the fixed exchange rate and floating exchange rate systems. What, then, is the difference between the two systems?

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Management Theories: Under the fixed exchange rate system what was the currency

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Management Theories: Under the fixed exchange rate system what was the currency

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