Foreign exchange controls are systems of a common currency used by a group of countries, such as the Asian Tigers.

Question

Quizplus · Accepted Answer

Foreign exchange controls refer to government policies that regulate the flow of currencies into and out of a country. It does not necessarily involve the use of a common currency among a group of countries. The Asian Tigers, for example, are known for their export-oriented economic strategies and flexible exchange rate systems that allow their currencies to freely fluctuate against other currencies in the foreign exchange market.

Foreign Exchange Controls Are Systems of a Common Currency Used