The Proponents of Fixed Exchange Rates Argue That Flexible Exchange

question 59

Multiple Choice

The proponents of fixed exchange rates argue that flexible exchange rates

• A) hamper international trade because of uncertainty over what the exchange rate will be.
• B) force a nation to use its domestic macroeconomic policies to maintain an exchange rate.
• C) lead to trade protectionism.
• D) a and b
• E) a,b,and c

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American Psychological Association

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The seeking of varied, novel, complex, and intense sensations and experiences, and the willingness to take physical, social, legal, and financial risks for the sake of such experiences.