Fixed exchange rates and pegged rates were the two different measures of the exchange rate, which were developed by the United States and the United Kingdom respectively.

Question

Quizplus · Accepted Answer

Fixed exchange rates and pegged rates essentially refer to the same concept where a country's currency value is attached to another currency or a basket of currencies. The distinction is not based on their development by the United States or the United Kingdom.

Fixed Exchange Rates and Pegged Rates Were the Two Different