What Is the Most Powerful Argument Against a Fixed Exchange

question 51

Multiple Choice

What is the most powerful argument against a fixed exchange rate?

• A) The nation must administer the rates at all currency exchange venues, and it is expensive to do.
• B) The nation usually gets opposition from other trading partners who are excluded.
• C) The nation has to have a large store of gold on hand to exchange at fixed rates.
• D) The nation gives up its ability to control its money supply and affect its own interest rates.

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