- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 7. Capital Flows and the FX Market
- Subject 2. Exchange Rate Regimes
CFA Practice Question
Which exchange rate regime allows the monetary authority to earn seigniorage?
A. Managed float
B. Active crawling peg
C. Currency board system
Explanation: A currency board can earn profit from interest on foreign reserves.
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