What are the alleged advantages of a fixed over flexible exchange rate system?

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter29: Exchange Rates And International Capital Flows
Section: Chapter Questions
Problem 22RQ: List some advantages and disadvantages of the different exchange rate policies.
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What are the alleged advantages of a fixed over flexible exchange rate system?

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