One strong argument for a flexible exchange rate system is that it frees up monetary policy for

Question:

One strong argument for a flexible system is that it frees up monetary policy for use in pursuing domestic targets. Explain why this is so.
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...