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 choice多项选择题

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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