The great virtue claimed for a ________ is that it imposes monetary discipline on a country and leads to low inflation.
A) fixed exchange rate
B) managed-float system
C) pegged exchange rate
D) floating exchange rate

Question

Quizplus · Accepted Answer

As with a full fixed exchange rate regime, the great virtue claimed for a pegged exchange rate is that it imposes monetary discipline on a country and leads to low inflation.

The Great Virtue Claimed for a ________ Is That It