题目内容

The type of exchange rate system, in which the authorities clearly stipulate in the form of legislation that a fixed rate of unlimited exchange between the local currency and a certain foreign currenc

A. exchange rate arrangement with no separate legal tender
B. conventional pegged arrangement
C. currency board arrangement
D. pegged exchange rate arrangement within horizontal bands

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The exchange management department takes the foreign exchange equilibrium fund as a buffer to stabilize or reach a certain expected exchange rate level by directly intervening in the foreign exchange

A. quantity control
B. rationing control
C. direct price control
D. indirect price control

In 2016, the IMF defined China’s de facto exchange rate system as the type of()

A. exchange rate arrangement with no separate legal tender
B. currency board arrangement
C. crawling peg arrangement
D. crawl-like arrangement

The “Open-economy Trilemma” or “Impossible Triangle” means that the independence of monetary policy,()and the free flow of capital cannot be achieved simultaneously. The authorities can only choose tw

A. free float
B. managed float
C. fixed exchange rate system
D. floating exchange rate system

Banks with the function of currency issuance in Hong Kong do not include()

A. HSBC
B. Citibank
C. the Standard Chartered Bank
D. BOC Group

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