When Countries Use Currency Boards to Fix Exchange Rates, or Are

question 34

Multiple Choice

When countries use currency boards to fix exchange rates, or are part of a currency union, or have formally adopted the currency of another country, this is considered an) :

• A) hard peg.
• B) soft peg.
• C) inflexible peg.
• D) none of the above.

---

Definitions:

NLRB

The National Labor Relations Board, a US government agency responsible for enforcing US labor law in relation to collective bargaining and unfair labor practices.

Bylaws

Rules that guide a corporation’s day-to-day internal affairs. Also known as regulations.

Secondary Boycott

Conspiracy in which a union places pressure on a neutral customer or supplier with whom the union has no dispute in order to cause the neutral entity to cease doing business with the employer with whom the union has a dispute.

National Emergency Strike

A work stoppage, sanctioned or enacted, during a declared national emergency to press for demands or protest issues.