Large industrial nations with diversified economies and small trade sectors have generally pegged their currencies to one of the world's key currencies.

Question

Quizplus · Accepted Answer

Large industrial nations with diversified economies and small trade sectors typically have floating exchange rates rather than pegging their currencies to one of the world's key currencies. Pegging is more common among smaller or developing economies seeking stability and predictability in trade.

Large Industrial Nations with Diversified Economies and Small Trade Sectors