One of the reasons that we study fixed exchange rates is that before the 1970s most of the world's economies used a fixed exchange-rate system.

Name: One of the reasons that we study fixed exchange rates is that before the 1970s most of the world's economies used a fixed exchange-rate system.
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Before the 1970s, many of the world's economies operated under a fixed exchange-rate system, most notably under the Bretton Woods system established post-World War II, which lasted until the early 1970s.

One of the Reasons That We Study Fixed Exchange Rates