With Floating Exchange Rates,payments Imbalances Tend to Be Corrected by Market-Induced

question 21

True/False

With floating exchange rates,payments imbalances tend to be corrected by market-induced fluctuations in the exchange rate,and the need for exchange-rate stabilization and international reserves disappears.

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Definitions:

Norms

Attitudinal and behavioural uniformities that define group membership and differentiate between groups.

Internalised

The process of incorporating beliefs, attitudes, or standards into one's own value system or behavior.

Individual Self

The concept of oneself as a separate entity having unique thoughts, experiences, and abilities, distinct from others.

Empirical Evidence

Information that is acquired by observation or experimentation and serves as a foundation for knowledge in the scientific method.