A country with a fixed exchange rate does not need a central bank to control the money supply.

Name: A country with a fixed exchange rate does not need a central bank to control the money supply.
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Question

Quizplus · Accepted Answer

A fixed exchange rate means that the country's currency is pegged to another currency, such as the US dollar. This means that the central bank does not need to control the money supply in order to maintain the exchange rate.

A Country with a Fixed Exchange Rate Does Not Need