Advantages of a flexible exchange rates include which of the following?

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All of the above advantages are true for a flexible exchange rate system. With flexible exchange rates, countries have the flexibility to pursue their own national policies, and can use monetary and fiscal policies to achieve any economic goals they desire. Additionally, flexible exchange rates make external adjustments easier, as the exchange rate can adjust to changes in the global economy, helping to balance trade and reduce external imbalances.

Advantages of a Flexible Exchange Rates Include Which of the Following