An Advantage of Fixed Exchange Rates for a Country That

question 21

Multiple Choice

An advantage of fixed exchange rates for a country that suffers from bouts of high inflation is:

• A)It makes imports less expensive
• B)It establishes a credible low inflation policy
• C)It unties policymakers' hands so they can alter the reserves of the banking system as needed
• D)Policymakers will have increased control over domestic interest rates

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