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Basic Question 1 of 15
Which one does not belong to the properties of an ideal currency regime?
B. Each currency is fully backed by gold.
C. Currencies are fully convertible.
A. Exchange rates are credibly fixed.
B. Each currency is fully backed by gold.
C. Currencies are fully convertible.
User Contributed Comments 2
| User | Comment |
|---|---|
| SalimBouch | why? |
| chen511 | ideal exchange rate policy: 1. fixed exchange rate 2. free capital flows 3. independent monetary policy |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe exchange rate regimes and explain the effects of exchange rates on countries' international trade and capital flows
CFA® 2024 Level I Curriculum, Volume 1, Module 7.