When a domestic currency is completely backed by a foreign currency and the note-issuing authority e

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When a domestic currency is completely backed by a foreign currency and the note-issuing authority e

When a domestic currency is completely backed by a foreign currency and the note-issuing authority establishes a fixed exchange rate to this foreign currency, then the country is said to have
A) undergone dollarization.
B) adopted a managed exchange system.
C) adopted an exchange rate monetary system.
D) created a currency board.

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The Economics of Money, Banking and Financial Markets, Business School Edition

Edition: 4^th

Author: Mishkin

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When a domestic currency is completely backed by a foreign currency and the note-issuing authority e

The Economics of Money, Banking and Financial Markets, Business School Edition

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