A fixed exchange rate regime in which the monetary authority is legally required to hold foreign exchange
Question:
A fixed exchange rate regime in which the monetary authority is legally required to hold foreign exchange reserves backing 100 percent of its domestic currency issuance is best described as:
A. dollarization.
B. a currency board.
C. a monetary union.
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B a currency board A currency board is a fixed exchange rate regime in ...View the full answer
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Related Book For
Economics For Investment Decision Makers
ISBN: 9781118111963
1st Edition
Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto
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