Some Nations Use a Currency Board to Manage Their Currencies

question 79

Multiple Choice

Some nations use a currency board to manage their currencies. How does this work?

• A) It is all in the hands of international banks.
• B) The International Monetary Fund manages the currency.
• C) There is a fixed rate regime with a set of strict rules and policy guidelines to keep the currency's value stable.
• D) The currency is allowed to float, but its fluctuations are reviewed periodically by a board of economists.

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Definitions:

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