Hong Kong essentially has fixed the exchange value of its currency to the
A) euro.
B) British pound.
C) U.S. dollar.
D) Canadian dollar.

Question

Quizplus · Accepted Answer

The market graph for the British pound in Hong Kong suggests that the exchange value of the Hong Kong dollar is fixed to the U.S. dollar. There is a horizontal line at the exchange rate of approximately 7.75 HKD per USD, indicating that the Hong Kong government is maintaining a fixed exchange rate with the U.S. dollar.

Hong Kong Essentially Has Fixed the Exchange Value of Its