Even in a World with Floating Exchange Rates, States Have

question 22

Multiple Choice

Even in a world with floating exchange rates, states have some ability to control the value of their currency. What is an advantage of having a weak currency?

• A)Exporting industries benefit from a weak currency as their goods are cheaper for foreigners to purchase.
• B)Traveling citizens benefit from a weak currency as they can purchase more goods abroad.
• C)Consumers benefit from a weak currency as they can afford to buy more imports.
• D)There are no advantages to a weak currency.

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