The euro is a somewhat unique currency in that it is a floating currency within the member nations but it is rigidly fixed relative to other international currencies.

Question

Quizplus · Accepted Answer

The statement is incorrect. The euro is actually a floating currency that is flexible in its exchange rate with other international currencies, including the US dollar and Japanese yen. Its value is determined by market supply and demand. However, it is fixed within the Eurozone countries, as they all use the same currency and operate under the same monetary policies set by the European Central Bank.

The Euro Is a Somewhat Unique Currency in That It