A major economic benefit of fixed exchange rates compared to floating rates is that a. the...
A major economic benefit of fixed exchange rates compared to floating rates is that
a. the prices of goods and services remains the same across all participating countries.
b. they help to establish convergence in per capita income across participation countries.
c. they help countries conduct independent monetary policies.
d. they simplify economic calculations and provide a more predictable basis for international transactions.
Homework Answers
Correct statement - d. they simplify economic calculations and provide a more predictable basis for international transactions.
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A major economic benefit of fixed exchange rates compared to
floating rates is that
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