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单项选择题

The value in 7 years of $500 invested today at an interest rate of 6% compounded monthly is closest to:（）

A.$760.
B.$750.
C.$770.
D.$780.

单项选择题

In the classification of currency regimes, a currency board system (CBS) most likely differs from a fixed-rate parity system in that:（）

A. a CBS has a discretionary target level of foreign exchange reserves.
B. a CBS can peg to a basket of currencies but a fixed-rate system cannot.
C. the monetary authority within a CBS does not act as a traditional lender of last resort.