Supporters of a floating exchange rate cited all of the following as advantages over the Bretton Woods system except

Question

Accepted Answer

countries would be forced to work cooperatively in deciding monetary policy.

Answer

each country would be able to choose its own long run inflation rate.

Answer

parity changes and speculative attacks would no longer be possible.

Answer

exchange rates would be set symmetrically in foreign markets rather than by government decision.

Answer

governments would not need to export inflation to decrease domestic unemployment.

Crowdly