Seeing is believing!
Before you order, simply sign up for a free user account and in seconds you'll be experiencing the best in CFA exam preparation.
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 used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
describe exchange rate regimes and explain the effects of exchange rates on countries' international trade and capital flows
CFA® 2025 Level I Curriculum, Volume 1, Module 7.