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Advocates of floating rate suggested it is favorable
Advocates of floating rate suggested it is favorable for economies for the following reasons EXCEPT thatA.it discourages attack from foreign exchange speculators because of the fac...
Advocates of floating rates pointed out that
A.removal of the obligation to peg currency values would restore monetary control to centralB.imposing of the obligation to peg currency values would restore monetary control to ce...
The case against floating exchange rates is because of
A.discipline and destabilizing speculation and money marketB.injury to international trade andC.uncoordinated economicD.the illusion of greaterE.All of theAnswer: E
Present the case for floating exchange rates.
Answer:Monetary policy autonomyGovernments would be able to use monetary policy to reach internal and external balance. No country would be forced to import inflation and deflation...
Present the case against floating exchange rates.
Answer: 1.The discipline imposed on individual countries by a fixed rate would be lost.2.Destabilizing speculation and money market3.Injury to international trade and4...
“Under floating rates, the economy is more vulnerable
“Under floating rates, the economy is more vulnerable to shocks coming from the domestic money market.”Answer: The statement is true. Under floating rates, a rise in real domes...