Under a Flexible Exchange Rate System,monetary Policies Must Be Changed

question 12

True/False

Under a flexible exchange rate system,monetary policies must be changed in order to correct the nation's balance of payments disequilibrium.

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Definitions:

Certificates of Deposit

A savings certificate with a fixed maturity date and specified fixed interest rate that is issued by banks and is insured by the Federal Deposit Insurance Corporation (FDIC) up to a certain amount.