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
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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
The main participants in the foreign exchange market include the following components()
A. Foreign exchange banks
B. Foreign exchange brokers
Customers
D. Central banks
At present, the main factors affecting the exchange rate fluctuation are()
A. Monetary and exchange rate policy
B. Relative interest rate level
C. Balance of payments
D. Economic growth rate