All of the following are associated with a fixed exchange rate policy except:

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A fixed exchange rate policy typically aims to stabilize the value of a country's currency relative to another currency or a basket of currencies. This can actually lead to lower import prices because the exchange rate is kept stable or at a predetermined level, making the cost of imports more predictable and often cheaper compared to a fluctuating exchange rate. Choices A, C, and D are indeed associated with a fixed exchange rate policy, where the country gives up some control over its monetary policy, needs to maintain significant international reserves to defend the fixed rate, and effectively imports the monetary policy of the anchor currency to which it is pegged.

All of the Following Are Associated with a Fixed Exchange