A Currency Board Is a Monetary Authority That Issues Notes

question 30

Multiple Choice

A currency board is a monetary authority that issues notes and coins convertible into a key foreign currency at a _____ exchange rate.

• A) clean floating 
• B) dirty floating 
• C) fixed 
• D) target

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Definitions:

Pleasure

A feeling of happiness, enjoyment, or satisfaction derived from an experience or activity.

Satisfaction

The fulfillment of one's wishes, expectations, or needs, or the pleasure derived from this.

Marginal Benefit

The additional benefit or usefulness experienced by consuming or producing another unit of a good or service.

Marginal Cost

The supplementary cost of manufacturing another unit of a product or service.