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Which of the following is NOT an advantage of floating exchange rates?

autumnnelson123

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Which of the following is NOT an advantage of floating exchange rates?

Which of the following is NOT an advantage of floating exchange rates?

▸ Speculation will always stabilise exchange rates.

▸ Governments are free to choose their own domestic economic policy.

▸ There is no problem of inadequate foreign exchange reserves.

▸ Balance of payments disequilibria are self-correcting.

Textbook

Essential Economics for Business

Essential Economics for Business

Edition: 5^th

Authors: Sloman, Jones

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