Solved

________ Is When the Domestic Currency Is Backed 100% by a Foreign

Question 41

Multiple Choice

________ is when the domestic currency is backed 100% by a foreign currency and in which the note-issuing authority establishes a fixed exchange rate to this foreign currency and stands ready to exchange domestic currency for the foreign currency at this rate whenever the public requests it.


A) dollarization
B) currency board
C) devaluation
D) revaluation

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q36: A central bank's international reserves are its

Q37: The capital account describes _.<br>A) international transactions

Q38: A balance of payments _ is associated

Q39: Explain graphically how a country must intervene

Q40: In contrast to other countries' currencies,the Japanese

Q42: How does a sterilized foreign exchange intervention

Q43: If the domestic currency is initially undervalued,that

Q44: The most effective way to deal with

Q45: What shows international transactions that involve currently

Q46: By the end of 2012,China had accumulated