Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Transcribed Image Text:The impossible trinity implies which of the
following three together are not possible?
Select one:
а.
domestic monetary autonomy, fixed
exchange rates, perfect capital mobility
b.
flexible exchange rates, perfect capital
mobility, domestic monetary autonomy
С.
fixed exchange rates, capital controls,
domestic monetary autonomy
d.
no monetary policy autonomy, perfect
capital mobility, fixed exchange rates
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