A currency board is:
A) a structure, rather than a mere commitment, to limiting the growth of the money supply in the economy.
B) a recipe for conservative and prudent financial management.
C) designed to eliminate the power of politicians to exercise judgment by relying on an automatic and unbendable rule.
D) all of the above

Question

Quizplus · Accepted Answer

A currency board is a structure that involves a commitment to limit the growth of the money supply in the economy, which is a recipe for conservative and prudent financial management. It is designed to eliminate the power of politicians to exercise judgment by relying on an automatic and unbendable rule. Therefore, all of the above options are correct.

A Currency Board Is