One possible current currency arrangement is a fixed peg,where the exchange rate of a currency is allowed to move (within a narrow band)with another currency.One example is the Canadian dollar to the U.S.dollar.

Question

Quizplus · Accepted Answer

The definition of fixed peg is correct, but the example is false. One example of a fixed peg is the Saudi riyal against the U.S. dollar.

One Possible Current Currency Arrangement Is a Fixed Peg,where the Exchange