Since 2009 the IMF's Exchange Rate Regime Classification System Uses

question 8

Multiple Choice

Since 2009 the IMF's exchange rate regime classification system uses a "de facto classification" methodology. Under this system, a country that has given up their own sovereignty over monetary policy is considered to have:

• A) a residual agreement.
• B) hard pegs.
• C) soft pegs.
• D) floating arrangements.

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Definitions:

Phonological

Relating to the system of sounds within a language and the rules governing them.

Long-term Memory

The phase or type of memory responsible for the storage of information over extended periods, ranging from minutes to a lifetime.

Sensory Memory

The shortest-term element of memory, which allows individuals to retain impressions of sensory information after the original stimulus has ceased.

Serial Search

A search for information in which several stores or slots of information are sequentially examined for match to the target.