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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 just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
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.