NO.PZ2023071902000053
问题如下：
QuestionWhich economic condition is most conducive to a well-functioning currency board exchange rate system in a country?
选项：
A.Flexible domestic prices and wages B.The supply of global reserve assets is growing rapidly C.Large non-traded sectors解释：
Solution
- Correct. A currency board system operates most effectively when domestic prices and wages are highly flexible, allowing for quick adjustments to changes in the exchange rate.
- Incorrect. A currency board system functions best when the global supply of the reserve asset grows at a stable and moderate rate, aligned with long-term real growth and stable prices.
- Incorrect. A currency board system is more effective in a country with relatively small non-traded sectors in the domestic economy, as it helps to ensure a stronger link between domestic and foreign prices.
•
A正确。货币发行局制度在国内物价和工资高度灵活、能够迅速调整汇率变化的情况下运作最为有效。
B不正确。当储备资产的全球供应以稳定和适度的速度增长，与长期实际增长和稳定的价格保持一致时，货币发行局制度才能发挥最佳作用。
C不正确。货币发行局制度在国内经济中非贸易部门相对较少的国家更为有效，因为它有助于确保国内和国外价格之间的更强联系。
货币发行局制度在国内经济中非贸易部门相对较少的国家更为有效，因为它有助于确保国内和国外价格之间的更强联系。应该是贸易部门多更有效吧？
