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.

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Definitions:

Underlying Ideology

refers to the fundamental beliefs or principles that subtly influence a group, institution, or line of thought.

Women's Magazines

Publications targeted primarily at female readers, covering a wide range of topics including fashion, beauty, relationships, health, and professional life.

Editorial Content

Written material in publications or online platforms that expresses opinions, analysis, or commentary, distinct from news or factual reporting.

Mainstream Ideologies

The dominant set of beliefs, values, and norms that are widely accepted and circulated within society.