The Nation of XYZ wants to peg its currency to the dollar. Policy makers want...

80.2K

Verified Solution

Question

Finance

The Nation of XYZ wants to peg its currency to the dollar. Policy makers want to have freedom of monetary policy. What must XYZ do to achieve both these goals??
A.impose higher tarrifs
B.impose capital controls
C.apply for an exemption with the Bank for International Settlements
D.have the central bank dedicated to defending the exchange rate

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students