A currency system in which governments try to keep the values of their currencies constant against another is called a ________ exchange rate system.

Name: A currency system in which governments try to keep the values of their currencies constant against another is called a ________ exchange rate system.
Brand: Quizplus
Rating: 4.8 (54 reviews)

Question

Quizplus · Accepted Answer

A fixed exchange rate system is characterized by governments fixing the value of their currency against another currency, and then intervening in the forex markets to maintain that fixed value.

A Currency System in Which Governments Try to Keep the Values