A Hard Peg May Be Achieved by All of the Following

question 39

Multiple Choice

A hard peg may be achieved by all of the following except

• A) following the rules of the Bretton Woods Agreement.
• B) dollarization.
• C) establishing a currency board.
• D) mutual agreements establishing a common currency.

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Definitions:

U.S. Tariff

A tax imposed by the United States government on imported goods to protect domestic industries or to generate revenue.

Oil

A fossil fuel in liquid form, primarily used for energy production and as a raw material in chemicals manufacturing.

Domestic Quantity

Refers to the total amount of a good or service produced within a country's borders, irrespective of the production entity's nationality.

Demanded

Describes the quantity of a good or service that consumers are willing and able to purchase at a given price at a specific time.