The advantage of a system of fixed exchange rates over one where exchange rates are flexible is that
a. the government gains more control over the economy.
b. floating exchange rates impose risks on importers and exporters from unpredictable exchange rates.
c. exchange controls become unnecessary.
d. fiscal and monetary policy can focus more on domestic conditions.
b
Economics
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Refer to the above table. What does the marginal physical product equal when the amount of labor goes from 12 to 13 units?
A) 58.5 B) 70 C) 690 D) 760
Economics
The current role of the International Monetary Fund is one of
a. supervising a system of fixed exchange rates. b. providing assistance to countries with currency or debt problems. c. setting exchange rates based on a gold exchange standard. d. acting as a lender of last resort to central banks.
Economics