1. A currency board is set up to: Group of answer choices

a) buy and sell foreign currency reserves.

b) give a peg added durability.

c) manage free-floating currencies.

d) gradually eliminate currency pegs.

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

Group of answer choices

a) There is a fixed rate regime with a set of strict rules and policy guidelines to keep the currency's value stable.

b) The currency is allowed to float, but its fluctuations are reviewed periodically by a board of economists.

c) Countries join a union and adopt a common currency.

d) The country uses a currency of a different country.

Answer rating: 100% (QA)

A currency board is set up to give a peg added durability The function of central ... View the full answer