Which of the following statements is TRUE?
1) Under a floating exchange rate system, the government bears the responsibility to ensure that the BOP is near zero.
2) A country with a managed float regime that wishes to WEAKEN its currency may choose to raise domestic interest rates to attract additional capital from abroad.
3) The effect of an imbalance in the BOP is the same for countries on a fixed exchange rate regime as for those on a floating exchange rate regime.
4) A country's overall level of interest rates should have an impact on the financial account of the BOP.
5) Relatively low real interest rates should normally stimulate an outflow of capital seeking higher interest rates in other country currencies.