The strongest argument in favor of fixed exchange rates is
A. that floating exchange rates are often very volatile, disrupting international trade.
B. that a fixed exchange rate allows unrestricted flow of financial capital from and into a country.
C. the country's ability to use independent monetary policy to pursue internal balance.
D. the ease of defending fixed exchange rates during speculative attacks.
Answer: A
Economics
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Answer the following statement true (T) or false (F)
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Suppose that there are five firms in a market, each controlling 20% of the market. The HHI would equal:
A. 10. B. 100. C. 1,000. D. 2,000.
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