What is a currency board describe the strict rules about, Business Economics

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What is a currency board describe the strict rules about

Question: 1. What is a currency board? Describe the strict rules about the composition of reserves and domestic credit that apply to this type of monetary arrangement.

2. What is a lender of last resort and what does it do? If a central bank acts as a lender of last resort under a fixed exchange rate regime, why are reserves at risk?

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Business Economics: What is a currency board describe the strict rules about

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