- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 15. Currency Exchange Rates
- Subject 5. Exchange Rate Regimes
CFA Practice Question
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
Correct Answer: B
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