Question
The concept of the Impossible Trinity means the inability to achieve simultaneously the goals of exchange rate stability, full financial integration, and monetary independence. If
The concept of the "Impossible Trinity" means the inability to achieve simultaneously the goals of exchange rate stability, full financial integration, and monetary independence. If a country chooses to have a pure floating exchange rate regime, which two of the three goals is a country most able to achieve?
A.monetary independence and exchange rate stability
B.exchange rate stability and full financial integration
C.full financial integration and monetary independence
D.A country cannot attain any of the exchange rate goals with a pure float exchange rate regime.
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