When a Domestic Currency Is Completely Backed by a Foreign

question 9

Multiple Choice

When a domestic currency is completely backed by a foreign currency and the note-issuing authority establishes a fixed exchange rate to this foreign currency,then the country is said to have

• A)created a currency board.
• B)undergone dollarization.
• C)adopted a managed exchange system.
• D)adopted an exchange rate monetary system.

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Definitions:

Weekly Agenda

A schedule or plan that outlines tasks or events for the upcoming week.

Daily Task List

A list or agenda created to manage and organize daily duties, tasks, or goals.

Weekly Calendar

An organizational tool that displays the days of the week within a specific time frame, aiding in planning and scheduling.

Seven-day

Referring to a period or cycle of seven consecutive days, commonly used in planning and scheduling contexts.