The Authors Discuss the Concept of the "Impossible Trinity" or the Inability

question 12

Multiple Choice

The authors discuss the concept of the "Impossible Trinity" or the inability to achieve simultaneously the goals of exchange rate stability, full financial integration, and monetary independence. If a country chooses to have a pure float exchange rate regime, which two of the three goals is a country most able to achieve?

• A) monetary independence and exchange rate stability
• B) exchange rate stability and full financial integration
• C) full financial integration and monetary independence
• D) A country cannot attain any of the exchange rate goals with a pure float exchange rate regime.

Understand the concept of intelligence and its ability to adapt to the environment.

Recognize the four branches of emotional intelligence.

Describe the construction and interpretation of the Wechsler Adult Intelligence Scale.

Summarize historical contributions to the development and understanding of intelligence tests.