Since 2009 the IMF's Exchange Rate Regime Classification System Uses

question 8

Multiple Choice

Since 2009 the IMF's exchange rate regime classification system uses a "de facto classification" methodology. Under this system, a country that has given up their own sovereignty over monetary policy is considered to have:

• A) a residual agreement.
• B) hard pegs.
• C) soft pegs.
• D) floating arrangements.

---

Definitions:

Tenancy

Tenancy is a legal term describing the possession and use of land or property rented from another, establishing rights and responsibilities between landlord and tenant.

Survival Clause

A contract provision that stipulates which parts of the agreement remain in effect after the contract has ended.

Wrongfully Abandons

Occurs when a party unlawfully leaves or forsakes their responsibility or property without justification.

Lease

A contractual agreement where one party, the lessor, grants the other party, the lessee, the right to use a property, asset, or service for a specified period in exchange for periodic payments.