- CFA Exams
- CFA Level I Exam
- Study Session 5. Economics (2)
- Reading 18. Currency Exchange Rates
- Subject 5. 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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