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hi there welcome to our session on multiple choice revision questions this time something slightly different weamp;#39;re going to look at seven different questions all focused on currency economics so for each have a go and uh for each question press the pause button and take a few moments to think about the answer iamp;#39;ll then come back with the correct response and an explanation all seven questions focus on currency economics so letamp;#39;s have a look hereamp;#39;s question one in 2016 egypt took away remove controls on its fixed exchange to move to a floating currency what does such a change mean for egypt have a good and the correct answer to question one is c fewer file exchanges as needed if youamp;#39;re a running a fixed exchanger you need to hold stocks of dollars and euros and yen and when nimby compounds maybe to intervene in the currency markets uh usually the central bank does this to maintain a fixed exchange rate if you move towards a floating exchange rate