Question
Under a purely flexible exchange rate system a. Governments can set the exchange rate by buying and selling reserves b. Governments can set exchange rates
Under a purely flexible exchange rate system
a. Governments can set the exchange rate by buying and selling reserves
b. Governments can set exchange rates with fiscal policy
c. Governments can set the exchange rate by buying or selling reserves and with fiscal policy
d. None of the above
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The Economics Of Money Banking And Finance
Authors: Peter Howells, Keith Bain
4th Edition
0273710397, 978-0273710394
