international finance

13. A review of the evolution of the Global Monetary System shows that capital flows dominate trade in which of the following eras EXCEPT: Select one: O a. The Emerging Era, 1997- Present O b. Fixed Exchange Rates, 1945- 1973 O c. The Floating Era, 1973-1997 O d. Classical Gold Standard 14. Based on the premise that, other things equal, countries would prefer a fixed exchange rate, which of the following statements is NOT true? Select one: O a. Stable prices aid in the growth of international trade and lessen exchange rate risks for businesses. O b. Fixed rates are inherently inflationary in that they require the country to follow loose monetary and fiscal policies. O c. Fixed rates provide stability in international prices for the conduct of trade. d. Fixed exchange rate regimes necessitate that central banks maintain large quantities of international reserves for use in the occasional defense of the fixed rate