Which of the following statements is true? a. Exchange rates never changed under fixed exchange rate systems.

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Which of the following statements is true?

a. Exchange rates never changed under fixed exchange rate systems.

b. Changing from fixed to flexible exchange rates does not impact a country’s domestic macroeconomic policies.

c. It is not possible to insure against adverse currency fluctuations.

d. Flexible exchange rates can contribute to inflationary pressures.

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Exploring Economics

ISBN: 9781544336329

8th Edition

Authors: Robert L. Sexton

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Question Posted: Jan 25, 2023 12:27 AM

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Which of the following statements is true? a. Exchange rates never changed under fixed exchange rate systems.

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d Flexible ex...View the full answer

Exploring Economics

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