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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 passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
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.