Answer:
The correct answer is A. The system will encourage speculators.
Step-by-step explanation:
The fixed exchange rate monetary system is one by which a country sets the value of its currency to the value of another foreign currency, usually from economically stable countries, or to another stable value in the long term, such as the price of gold oil or other raw materials.
In this way, these countries guarantee the stability of their currency, at the cost of losing the ability to lose the possibility of developing an independent monetary policy. In addition, these types of policies tend to encourage economic speculation, which invests in overvalued currencies obtaining higher profits.