CFA CFA Level 1 Question of the Week: Level 1 – Macroeconomics

Question of the Week: Level 1 – Macroeconomics

  • Author
    Posts
    • Avatar of MarkMeldrumMarkMeldrum
      Participant
        • Undecided
        Up
        4
        ::

        The correct answer is Option B. 

        Under an independently floating rate regime, the exchange rate is left to market determination and the monetary authority is able to exercise independent monetary policy aimed at achieving such objectives as price stability and full employment.  The central bank also has the latitude to act as a lender of last resort to troubled financial institutions, if necessary.

      • Avatar of mincemeat23mincemeat23
        Participant
          • CFA Level 1
          Up
          3
          ::

          Suggestion for @MarkMeldrum and @christine – can we have the answer posted at the same time as the question, but tagged as a spoiler so that it’s hidden? For example:

          This is an example of an answer!
      Viewing 1 reply thread
      • You must be logged in to reply to this topic.