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Basic Question 4 of 15
A country's domestic currency will be issued only against foreign exchange and it remains fully backed by foreign assets. This country most likely has a ______.
B. currency board system
C. target zone
A. managed float
B. currency board system
C. target zone
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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
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.