Which of the following is true about a strict currency board system?

a. The currency board system enhances the ability of the government to print money.

b. The government lacks the ability to set interest rates.

c. A currency board system is governed by the market forces of demand and supply.

d. A currency board cannot issue additional domestic notes and coins despite the presence of foreign exchange reserves to back it.

e. A currency board system has no features of a fixed exchange rate regime.