Multiple Choice
In a reserve currency system (such as the Bretton Woods system or the European ERM) , currencies peg to a reserve currency. As a result:
A) only the reserve currency country has monetary autonomy.
B) all countries, other than the reserve currency country, have monetary autonomy.
C) all countries have monetary autonomy.
D) no country has monetary autonomy.
Correct Answer:
Verified
Correct Answer:
Verified
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