The Case for Floating Exchange Rates Has Two Main Elements

question 120

Multiple Choice

The case for floating exchange rates has two main elements.These are:

• A) monetary policy autonomy and automatic trade balance adjustments
• B) sporadic trade balance adjustments and monetary policy autonomy
• C) the impracticality of the gold standard and monetary policy control
• D) monetary policy control and sporadic trade balance adjustments
• E) monetary policy interdependence and autonomic trade balance adjustments

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Definitions:

Standard Deviation

An indicator of the spread or fluctuations in a data set, showing the degree to which the data points deviate from the average value.

Parameter

A numerical characteristic of a statistical population, such as a mean or standard deviation, that describes some aspect of the population.

Simple Random Sample

A sample in which each member of the population has an equal chance of being selected.

Finite Population

A population set that contains a countable number of individuals or observations.