A ________ means the value of a currency is fixed relative to a reference currency.
A) pegged exchange rate
B) floating exchange rate
C) managed float system
D) fixed exchange rate

Question

Quizplus · Accepted Answer

A pegged exchange rate means the value of the currency is fixed relative to a reference currency, such as the U.S. dollar, and then the exchange rate between that currency and other currencies is determined by the reference currency exchange rate.

A ________ Means the Value of a Currency Is Fixed