One paragraph Describe briefly the advantages and disadvantages of both floating and fixed exchange-rate systems. Which do you think the world will move toward in the future?
Give your response some thought – and base your conclusions on the text.  China is seen as a fixed-rate regime, and was even an issue in the last Presidential election (see 
http://www.nytimes.com/2012/10/15/business/global/china-contends-market-sets-value-of-its-currency.htmlhttp://www.nytimes.com/2012/10/15/business/global/china-contends-market-sets-value-of-its-currency.html ) China denies manipulating its currency – but it (undeniably) does – how does this help China and hurt the US?  What other factors from your research are relevant here?  Cite all sources, especially the textbook.
ANOTHER PARGRAPH TELLING ME WHAT YOU THINK ON THIS PERSON VIEW.
The advantages of a floating exchange rate can allow governments freedom to pursue their own internal policy objectives and goals. This can benefit governments in areas such as growth and full employment without external input. Another advantage is with a floating rate; such changes should remove the element of crisis from international relations and business. The floating rate also allows a country to be more flexibly to external shocks, while also having lower foreign exchange reserves. The disadvantages of a floating exchange rate include instability and uncertainty, Lack of investment, Lack of discipline in economic management and inflation. This can cause inflation by allowing import prices to rise as the exchange rate decreases.
The advantages of a fixed exchange rate is international trade does not create a great risk. By having a fixed rate buyers and sellers of international goods can agree on one price. Also another advantage can contribute to discipline in economic management and leadership. A disadvantage includes no balance of payment adjustments, loss of free choice in internal policy, large holdings of foreign exchange…