Advocates of flexible exchange rates claim that under flexible exchange rates

Question

Quizplus · Accepted Answer

Advocates of flexible exchange rates argue that under this system, no single country can dominate the world monetary conditions. Therefore, the United States would no longer be able to set world monetary conditions all by itself, making option D the correct answer. Options A, B, C, and E are incorrect because they either suggest that a single country can control world monetary conditions or that flexible exchange rates would not affect the ability of a specific country to do so.

Advocates of Flexible Exchange Rates Claim That Under Flexible Exchange