Two nations that are part of a recently formed common market have an exchange rate system where the values of their currencies are set against each other at a mutually agreed on exchange rate. This type of exchange rate system is called
A) clean float.
B) floating.
C) fixed.
D) dirty-float.
E) pegged.

Question

Quizplus · Accepted Answer

In a fixed exchange rate system, the values of currencies are set at a mutually agreed rate, which aligns with the description given in the scenario.

Two Nations That Are Part of a Recently Formed Common