When a government or central bank determines the value at which a national currency is linked to one or more reference currencies for an extended period of time, is know as:
A) Fixed exchange rate
B) Floating exchange rate
C) Crawling exchange rate peg
D) Managed float

Question

Quizplus · Accepted Answer

A policy by a government or central bank to reflect stability with respect to the foreign exchange market

When a Government or Central Bank Determines the Value at Which