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Which one of the following is not consistent with freely floating exchange rate regimes? A. Exchange rate fluctuations or volatility B. FInancial Integration and Capital

Which one of the following is not consistent with freely floating exchange rate regimes?

A.

Exchange rate fluctuations or volatility

B.

FInancial Integration and Capital Mobility

C.

Independent monetary policy

D.

Necessity to hold large foreign exchange reserves

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