From 1991 to 2001, Argentina established commitment by
A)following the Taylor rule.
B)following a strict money growth rule.
C)establishing a currency board.
D)using a system of inflation targeting.

Question

Quizplus · Accepted Answer

From 1991 to 2001, Argentina established a currency board, which fixed the peso's value to the U.S. dollar at a one-to-one ratio. The system required the central bank to hold a corresponding amount of U.S. dollars in reserves for every peso in circulation. This led to a period of stability, low inflation, and economic growth in the country.

From 1991 to 2001, Argentina Established Commitment by