Under a fixed exchange rate system (A)_________ would be an exogenous monetary policy instrument, whereas under a flexible exchange rate system (B) ______________ would be an endogenous monetary policy instrument.
Monetory policy is ineffective under the fixed exchange rate regime. Therefore, exchange rate is an exogenous monetary policy instrument under a fixed exchange rate system. Aflexible exchange-rate systemis a monetarysystemthat allows theexchange rateto be determined by supply and demand. That why exchange rate is an endogenous policy instrument under a fixed exchange rate system.
Till planter is not used for
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Removal of Male bud in banana-
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