Question: Under the present _______ foreign exchange system, an advantage is that ____________; on the other hand, a disadvantage is that _________ : Group of answer
Under the present _______ foreign exchange system, an advantage is that ____________; on the other hand, a disadvantage is that _________ : Group of answer choices managed floating; governments can restore monetary control by removing the obligation to maintain exchange rate parity; speculative buying and selling of currencies can create volatile movements fixed; governments can intervene in exchange in ways to minimize the uncertainty in monetary markets; Speculative buying and selling of currencies can create volatile movements managed floating; trade deficits can be corrected through changes in exchange rates; speculative buying and selling of currencies can only be prevented by a given government opting to use the gold standard fixed; a powerful mechanism for achieving balance-of-trade equilibrium by all countries; more stability
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