The persistence of ________________ in exchange rates has led the international community to call for reforms of the current international monetary system.
A)excessive volatility and disequilibria
B)long run stability
C)arbitrage opportunities
D)equilibrium

Question

Quizplus · Accepted Answer

The persistence of excessive volatility and disequilibria in exchange rates has led to calls for reform of the current international monetary system. This has been especially relevant in recent years with the fluctuations in currencies due to geopolitical events and global economic uncertainties. The volatility and disequilibria can cause market inefficiencies, and many believe that a reformed system would help promote stability and reduce the risks of financial crises.

The Persistence of ________________ in Exchange Rates Has Led the International