What is a currency board? Is having a fixed exchange rate with a currency board that defends

Question:

What is a currency board? Is having a fixed exchange rate with a currency board that defends the fixed rate better for a country than having a fixed exchange rate and a standard central bank that defends the fixed rate?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question
Question Posted: