Multiple Choice
Which of the following is a way in which a fixed exchange rate regime imposes discipline?
A) The need to maintain a fixed rate puts a brake on competitive devaluations.
B) It imposes fiscal discipline on countries,thereby reducing market activity.
C) It increases demand for products and services thereby increasing productivity.
D) It imposes monetary discipline by making governments set exchange rates.
Correct Answer:
Verified
Correct Answer:
Verified
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