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Proponents of the fixed exchange rate system argue that

DenverMade

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7 months ago

Proponents of the fixed exchange rate system argue that

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flexible exchange rates may promote international trade, but under a fixed exchange rate system at least we know what the rates will be from day to day.

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under a flexible exchange rate system, there is too great a chance that the exchange rate will diverge from the equilibrium exchange rate.

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under a flexible exchange rate system, there is no way of knowing what the exchange rate is at any particular point in time.

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under a fixed exchange rate system, there would be only one currency.

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none of the above

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Economics

Edition: 12^th

Author: Arnold

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More solutions for this book are available here

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You make an excellent tutor!

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