The euro is presently pegged to the British pound in order to stabilize international payments between European countries.

Name: The euro is presently pegged to the British pound in order to stabilize international payments between European countries.
Brand: Quizplus
Rating: 4.9 (36 reviews)

Question

Quizplus · Accepted Answer

The euro is not pegged to the British pound. In fact, the euro is used as a common currency in many European countries, and its exchange rate is determined by market forces of supply and demand.

The Euro Is Presently Pegged to the British Pound in Order