Explain the current arrangement of the domestic currency in your country. Is it closer

to a fixed or flexible exchange rate regime? If so, what advantages does it have over

the other exchange rate regime? (Hint: if the current arrangement is closer to the flexible

exchange rate regime then discuss the advantages it has over the fixed exchange rate

regime and vice versa).

Part (b)

Provide one example for each of the following concepts:

(i) Mint parity (in the Gold Standard)

(ii) Indirect finance

(iii) Eurobond