A currency value that is fixed relative to a reference currency is called what?
A) fixed exchange rate
B) dirty-float system
C) floating exchange rate
D) banking exchange rate
E) pegged exchange rate

Question

Quizplus · Accepted Answer

A pegged exchange rate is when a currency's value is fixed or pegged to a reference currency. This means that fluctuations in the exchange rate are limited, and the pegged currency will generally move in line with the reference currency. Other options are not relevant to the definition of a currency value fixed relative to a reference currency.

A Currency Value That Is Fixed Relative to a Reference