Economic experience since 1973 indicates that, under floating exchange rates, symmetry
A) was not attained.
B) was attained almost immediately.
C) was attained over time as central banks held more U.S. dollars as a reserve currency.
D) has been difficult to measure and no consensus has emerged.
E) has been attained in foreign countries, but not domestically.

Question

Quizplus · Accepted Answer

Symmetry under floating exchange rates was not attained since 1973, indicating that the effects and adjustments in international financial markets have not been evenly distributed among countries.

Economic Experience Since 1973 Indicates That, Under Floating Exchange Rates