Thomas D.

asked • 05/03/21

Macroeconomic Questions with fixed exchange rate system

Under a fixed exchange rate system (A)_________ would be an exogenous monetary policy instrument, whereas under a flexible exchange rate system (B) ______________ would be an endogenous monetary policy instrument.

a) (A) the exchange rate; (B) the exchange rate

b) (A) the exchange rate; (B) the interest rate

c) (A) the interest rate; (B) the exchange rate

d) (A) the interest rate; (B) the interest rate

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