If a country has adopted a fixed exchange rate,what tool(s)has it lost to battle economic recessions?

Question

Quizplus · Accepted Answer

If a country has adopted a fixed exchange rate, it ties the value of its currency to another currency (usually the US dollar or euro), and it loses the ability to independently adjust its interest rates. This means that it cannot lower its interest rates to stimulate economic growth during a recession or raise them to combat inflation.

If a Country Has Adopted a Fixed Exchange Rate,what Tool(s)has