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Proponents of the Managed Floating Exchange Rate System Argue That

Question 301

Multiple Choice

Proponents of the managed floating exchange rate system argue that it has


A) added the volatility needed by the exchange rate market.
B) been effective because it is a "nonsystem" without fixed rules.
C) been sufficiently flexible to weather major economic turbulence.
D) resolved major problems in balance of payments surpluses and deficits.

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