Of the following, which is NOT a trade-off that must be dealt with in any exchange rate regime?
A. Cooperation vs independence.
B. Rules vs discretionary action.
C. Dollars vs pounds.
D. All of the above are rate regime trade-offs.
Answer:C
Of the following, which is NOT a trade-off that must be dealt with in any exchange rate regime?
A. Cooperation vs independence. B. Rules vs discretionary action. C. Dollars vs pounds. D. All of the above are rate regime trade-offs.