Question
Which ONE of the following is NOT an argument against a flexible exchange rate policy? a.Smoother balance of payments adjustments to external events b.Encourages more
Which ONE of the following is NOT an argument against a flexible exchange rate policy?
a.Smoother balance of payments adjustments to external events
b.Encourages more destabilising speculation
c.Increased uncertainty about foreign trade and investment
d.Increased potential for inflation
e.Inappropriate for small economies
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
14th edition
133879879, 978-0133879872
