What is a currency board?

a. A fixed exchange rate that, by law, exchanges domestic currency for a specified foreign currency at a fixed exchange rate.
b. A floating exchange rate.
c. A managed floating exchange-rate policy that the government adjusts periodically according to some economic indicator.
d. A laissez-faire exchange-rate policy.
e. An interventionist exchange-rate policy.


a

Economics

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When the government converted the highway from 4 lanes into 6 lanes, they claimed the capacity had increased by 50 percent

When the government switched the highway back from 6 lanes to 4 lanes, they claimed the capacity had been decreased by 33 percent. Had the government used the midpoint method, the percentage increase would have been ________ percent and the percentage decrease would have been ________ percent. A) 50; 50 B) 33; 33 C) 33; 50 D) 40; 40

Economics

How much do you believe that current tax policy is influenced by politics, as opposed to sound and efficient tax policy?

What will be an ideal response?

Economics

State any two properties of the perfectly competitive market

Economics

Exhibit 6-2 Refer to Exhibit 6-2. The employment rate in year 3 is

a. 12 1/2 percent. b. 33 1/3 percent. c. 70 percent. d. 66 2/3 percent. e. 25 percent.

Economics