Which of the following is true about a strict currency boardsystem?

a.The currency board system enhances the ability of thegovernment to print money.

b.The government lacks the ability to set interest rates.

c. A currency board system is governed by the market forces ofdemand and supply.

d.A currency board cannot issue additional domestic notes andcoins despite the presence of foreign exchange reserves to backit.

e.A currency board system has no features of a fixed exchangerate regime.