The currency of the United Arab Emirates is fixed relative to the U.S. dollar: this means that the exchange rate between the United Arab Emirates dirham and other currencies is determined by the dollar exchange rate. This is an example of a ________ exchange rate.

Question

Quizplus · Accepted Answer

A pegged exchange rate is one where a country's currency value is fixed relative to another currency, in this case, the U.S. dollar.

The Currency of the United Arab Emirates Is Fixed Relative