Which is a benefit of a floating exchange rate? Check all correct answers Each choice is worth 0.5 point, which you will receive if you correctly either check or do not check the choiceMultiple choice
A
Automatic cushion for domestic economic conditions
B
No risk of running out of foreign reserves
C
More trade
D
Independent monetary policy
E
Lower exchange rate risk
F
Lower inflation
G
Lower government spending
H
Greater price stability
I
Avoids political and international repercussions if devaluation or revaluation becomes necessary
J
Independent fiscal policy
K
Lower transaction costs
L
No cost or opportunity cost of holding and using an exchange-stabilization fund
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