In 1991, to curb inflation, Argentina set up a _ , which is an extreme version of a fixed exchange rate.
A)currency board
B)fixed interest rate target
C)flat tax on exports
D)dollar-based economy

Question

Quizplus · Accepted Answer

A currency board is an extreme version of a fixed exchange rate system, in which a country's central bank completely relinquishes control over its monetary policy and instead pegs the value of its currency to a foreign currency, typically the US dollar. This was the approach taken by Argentina in 1991 as a means of controlling inflation.

In 1991, to Curb Inflation, Argentina Set Up a _