In the Event a Nation Adopts a Currency Board System

question 1

Multiple Choice

In the event a nation adopts a currency board system to peg its exchange rate:

• A) sterilization occurs more often.
• B) sterilization is impossible.
• C) sterilization means all traders have access to currency reserves.
• D) the nation will have to abandon the system whenever the central bank wants to take a holiday.

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Definitions:

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