Under a Hard Peg,a Country

question 38

Multiple Choice

Under a hard peg,a country

• A) has a strict rule of no government intervention to target the nominal exchange rate.
• B) only the federal government can alter the nominal exchange rate.
• C) a country commits to a fixed nominal exchange rate for an indefinite period of time.
• D) only industrialized nations commit to fixed nominal exchange rates.
• E) the central bank can alter the value of the exchange rate as required.

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