单选题 During the Bretton Woods era (1944-1971), currencies were:
A、Freely floating
B、Pegged to gold individually
C、Fixed within 1% of the US dollar
D、Pegged to the euro
单选题 Under a fixed exchange rate system, exchange rates:
A、Are determined by supply and demand only
B、Are allowed to fluctuate within very narrow bands
C、Are pegged permanently to gold
D、Cannot be changed
单选题 Dollarization refers to:
A、Fixing a currency to gold
B、Replacing domestic currency with US dollars
C、Pegging to a basket of currencies
D、Devaluing the currency
单选题 In a pegged exchange rate system, the currency:
A、Moves freely against all currencies
B、Is tied to another currency or unit of account
C、Is backed by gold reserves only
D、Cannot depreciate
单选题 Which exchange rate system allows rates to be determined entirely by market forces without government intervention?
A、Fixed
B、Pegged
C、Managed float
D、Freely floating
单选题 Which country implemented dollarization in 2000?
A、Mexico
B、Argentina
C、Ecuador
D、Brazil
单选题 A managed float system is characterized by:
A、No government intervention under any circumstances
B、Strictly fixed exchange rates
C、Daily free movement with occasional intervention
D、Permanent pegging to gold
单选题 A currency board requires:
A、Complete elimination of the domestic currency
B、Floating exchange rates
C、Alignment of local interest rates with the anchor currency
D、No foreign reserves