Answered

A ________ rate means the value of the currency is fixed relative to a reference currency and then the exchange rate between that currency and other currencies is determined by the reference currency exchange rate. Multiple Choice pegged exchange currency board fixed exchange floating exchange

Answer :

Answer:

pegged exchange

Explanation:

Pegged exchange rate  -

It is also known as the fixed exchange rate .

It is a type of the exchange rate in which the value of the currency for the other country's currency value or could be the measure of other monetary like the gold , is known as pegged exchange rate .

hence , from the question ,

The correct term for the given statement of the question is pegged exchange rate .

Other Questions