Several countries in the world today peg their currencies to the U.S. dollar, causing those currencies' values to fluctuate as the U.S. dollar fluctuates.

Name: Several countries in the world today peg their currencies to the U.S. dollar, causing those currencies' values to fluctuate as the U.S. dollar fluctuates.
Brand: Quizplus
Rating: 4.9 (51 reviews)

Question

Quizplus · Accepted Answer

Many countries peg their currencies to the U.S. dollar to stabilize their exchange rate, which means their currency value changes in relation to the U.S. dollar's performance.

Several Countries in the World Today Peg Their Currencies to the U.S