A Currency Board Is

question 20

Multiple Choice

A currency board is:

• A) a structure, rather than a mere commitment, to limiting the growth of the money supply in the economy.
• B) a recipe for conservative and prudent financial management.
• C) designed to eliminate the power of politicians to exercise judgment by relying on an automatic and unbendable rule.
• D) all of the above

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Definitions:

Opaque

A characteristic of materials that are not transparent or translucent; they do not allow light to pass through.

Vascular Tunic

Middle layer of the eye; contains many blood vessels.

Iris

Specialized portion of the vascular tunic; the “colored” portion of the eye that can be seen through the cornea.

Fovea Centralis

The fovea centralis is a small depression in the retina of the eye where visual acuity is highest, due to the concentration of cones, which are photoreceptor cells responsible for color vision.