Which Is the Following Is True for Countries with Fixed

Which is the following is true for countries with fixed exchange rate regimes?

A) Central banks of these courtiers are required to maintain exchange reserves to cover 100% of the existing domestic currency
B) Centrals banks cannot use monetary policy to affect the economic fundamentals (such as inflation)
C) These countries must use currency board
D) The external value of the country's currency will simply depreciate to the level at which there is no excess supply of the country's currency

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