Economic Experience Since 1973 Indicates That, Under Floating Exchange Rates

question 104

Multiple Choice

Economic experience since 1973 indicates that, under floating exchange rates, symmetry

• A) was not attained.
• B) was attained almost immediately.
• C) was attained over time as central banks held more U.S. dollars as a reserve currency.
• D) has been difficult to measure and no consensus has emerged.
• E) has been attained in foreign countries, but not domestically.