Which of the following statements is correct?
a. It is impossible for a country to fix its exchange rate and have an independent monetary policy at the same time.
b. Flexible exchange rates are always superior to fixed exchange rates.
c. Whether flexible exchange rates or fixed exchange rates are better for a nation depends on the characteristics of the economy.
d. The level at which the exchange rate is fixed does not have any implications on the amount of interaction needed by the central bank to sustain the regime of fixed exchange rate.
.C
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In a socialistic system, most economic decisions are made by:
A. firms. B. consumers. C. stockholders. D. government planners.
The real effect of a given monetary shock is larger the more stable the underlying monetary environment
a. true b. false
U.S. job losses cited by anti-trade critics
A. are mostly a short-term problem in isolated industries. B. are mostly due to poor training by U.S. firms. C. affect only capital-intensive U.S. industries. D. are non-existent.
Federal and state governments in the United States pay for ________ of health care spending
A) less than 10 percent B) approximately 34 percent C) just over half D) more than 80 percent