When Norway Unilaterally Fixes Its Exchange Rate Against the Euro

question 27

Multiple Choice

When Norway unilaterally fixes its exchange rate against the euro and leaves the krone

• A) free to float against the non-euro currencies, it is able to keep at least some monetary independence.
• B) free to float against the non-euro currencies, it is unable to keep at least some monetary independence.
• C) free to float against the non-euro currencies, it is able to keep its monetary independence.
• D) run by crawling peg against the non-euro currencies, it is able to keep at least some monetary independence.
• E) fixed against the non-euro currencies, it is unable to keep its monetary independence.

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