The Law on the Central Bank, adopted by the parliamentary assembly of Bosnia and Herzegovina, guarantees convertibility from its marks to euros at 0.51129 euros/mark. What type of exchange rate regime does Bosnia and Herzegovina have? a. Dollarization to the euro b. Currency board c. Band exchange rate d. Floating/flexible exchange rate
The Law on the Central Bank, adopted by the parliamentary assembly of Bosnia and Herzegovina, guarantees convertibility from its marks to euros at 0.51129 euros/mark. What type of exchange rate regime does Bosnia and Herzegovina have? a. Dollarization to the euro b. Currency board c. Band exchange rate d. Floating/flexible exchange rate
Chapter36: Exchange Rates And Financial Links Between Countries
Section: Chapter Questions
Problem 18E
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The Law on the Central Bank, adopted by the parliamentary assembly of Bosnia and Herzegovina, guarantees convertibility from its marks to euros at 0.51129 euros/mark. What type of exchange rate regime does Bosnia and Herzegovina have? a. Dollarization to the euro b. Currency board c. Band exchange rate d. Floating/flexible exchange rate
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