Author Question: How would you define a currency board? A) the process by which non-pegged interest rates are ... (Read 31 times)

sjones · **on:** Jun 30, 2018

How would you define a currency board?

A) the process by which non-pegged interest rates are allowed to fluctuate
B) the stockpiling of international reserves by developing countries
C) using the dollar to carry out all domestic transactions, making the domestic currency a currency in name alone
D) a constraint placed on monetary policy
E) The monetary bases is backed entirely by foreign currency and the central bank holds no domestic assets.

Question 2

The WTO's intervention against clean air standards

A) has earned it universal approval.
B) was done in order to limit national sovereignty.
C) has resulted in much criticism.
D) has resulted in much criticism among professional economists.
E) was championed in developing countries.