Hong Kong provides an example of a country that has maintained a currency board.The purposes of its currency board is to
A) maintain a system of freely floating exchange rates
B) maintain an especially strong commitment to a fixed exchange rate
C) to totally replace the currency of Hong Kong with the U.S.dollar
D) to totally replace the currency of Hong Kong with the euro

Question

Quizplus · Accepted Answer

Hong Kong's currency board maintains a strong commitment to a fixed exchange rate between the Hong Kong dollar and the US dollar. This helps to maintain stability and credibility in the Hong Kong monetary system.

Hong Kong Provides an Example of a Country That Has