Under a pegged exchange rate regime,a country will peg the value of its currency to that of a major currency,so that if the reference currency rises in value,its own currency rises too.

Question

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Under a pegged exchange rate regime, the value of a country's currency is directly tied to that of a major currency, so if the reference currency increases in value, the pegged currency will also increase in value.

Under a Pegged Exchange Rate Regime,a Country Will Peg the Value