A 'currency board' is:
A) currency sold on an open outcry exchange
B) a currency with its exchange rate fixed by the board of directors of the central bank
C) an arrangement that is based on an explicit legislative commitment to exchange the domestic . currency for a specified foreign currency at a fixed exchange rate
D) a floating exchange rate
Correct Answer:
Verified
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
Q25: An exchange rate arrange 'with no legal
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
Q31: Between 1993 and 1999, the EMS, as
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