The floating exchange rate system is also called a pegged exchange rate system.

Name: The floating exchange rate system is also called a pegged exchange rate system.
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The floating exchange rate system and the pegged exchange rate system are two different systems. In a floating exchange rate system, the value of a currency is determined by the market forces of supply and demand, whereas in a pegged exchange rate system, the value of a currency is fixed to another currency or a basket of currencies.

The Floating Exchange Rate System Is Also Called a Pegged