An exchange rate arrange 'with no legal tender' refers to:
A) a situation where the currency of another currency circulates as the sole legal tender
B) a situation where the country belongs to a monetary or currency union
C) money sold on a black market
D) a situation where the currency of another currency circulates as the sole legal tender and a situation . where the country belongs to a monetary or currency union
Correct Answer:
Verified
Q20: The term 'competitive devaluation' implies:
A) a devaluation
Q21: Which of the following was NOT a
Q22: The term 'SDR' refers to:
A) Special Drawing
Q23: The 'Triffin Paradox' may be explained by
Q24: The collapse of the Bretton Woods system
Q26: A 'currency board' is:
A) currency sold on
Q27: The benefits of a 'currency board' include:
A)
Q28: A 'de jure' exchange rate regime is:
A)
Q29: The EMS was a system of:
A) fixed
Q30: Which of the following was NOT a
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