Multiple Choice
Which of the following is a position taken by advocates of a floating exchange rate system?
A) Each country should be allowed to choose its own inflation rate.
B) Speculation can cause unnecessary fluctuations in exchange rates.
C) Unpredictability of exchange rate movements has made business planning difficult.
D) Removal of the obligation to maintain exchange rate parity would destroy a government's monetary control.
Correct Answer:
Verified
Correct Answer:
Verified
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