Mention the features of the Fixed Parity System of exchange rates.  

The fixed parity system of exchange rates is a monetary system where the value of a country's currency is fixed to the value of another country's currency or to the price of gold. This system was widely used in the 19th and early 20th centuries before the adoption of flexible exchange rate regimes. Here are some of the key features of the fixed parity system:

1. Fixed exchange rate: The most important feature of the fixed parity system is that the exchange rate between two currencies is fixed and does not fluctuate. This means that the value of a country's currency is determined by the value of the currency to which it is pegged. For _________ _____ ________ ____ __________ _______ _______.
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