Import and exchange controls are designed to
A) create a balance of payments
B) float the exchange rate
C) support a fixed rate of exchange
D) create larger foreign exchange reserves
E) steer floating exchange rates in the right direction

Question

Quizplus · Accepted Answer

Import and exchange controls are often implemented by countries to support a fixed rate of exchange by controlling the flow of foreign currency and goods into and out of the country.

Import and Exchange Controls Are Designed to