According to the Monetary Approach to the Balance of Payments

question 8

Multiple Choice

According to the monetary approach to the balance of payments a non-reserve currency nation:

• A)has no control over its money supply in the long-run under fixed exchange rates
• B)has no control over its money supply in the short-run under fixed exchange rates
• C)has no control over its money supply in the long-run under flexible exchange rates
• D)retains complete control over its money supply in the long-run

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