Economist Charles Kindleberger (A Proponent of Fixed Exchange Rates Mentioned

question 5

Multiple Choice

Economist Charles Kindleberger (a proponent of fixed exchange rates mentioned in the text) would agree with which of the following statements?

• A) It is better to leave the international value of the domestic currency to the free market forces than to have to sacrifice domestic economic goals in order to support a certain predetermined value of the currency.
• B) There is too great a chance that the supported exchange rates will diverge significantly from the equilibrium exchange rates,which would create persistent problems and lead to an overall decrease in international trade.
• C) With no certainty of what one nation's currency will be worth in terms of other nations' currencies,international trade is held below what it could be.
• D) a and b

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