A hard peg may be achieved by

Question

Quizplus · Accepted Answer

Establishment of a currency board is the only option among the given choices that can guarantee a hard peg. Under a currency board system, the central bank commits to maintaining a fixed exchange rate between its currency and a foreign currency, and the currency can only be issued if there are sufficient foreign reserves to back it up. This limits the ability of the government to print more money and ensures that the value of the currency is anchored to the foreign currency.

A Hard Peg May Be Achieved by