The Difference Between Dollarization and a Currency Board Is That

question 43

Multiple Choice

The difference between dollarization and a currency board is that

• A) dollarization is a type of fixed exchange rate regime while a currency board is not.
• B) the government earns seigniorage under a currency board.
• C) a currency board uses specie to set a minimum value for the exchange rate.
• D) none of the above.

Understand the computation of direct labor rate and time variances.

Understand the concept and interpretation of variance analysis in cost accounting.

Calculate and analyze revenue volume and price variances and their impacts on total revenue.

Apply standard cost and variance analysis concepts to service businesses.

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