Which of the following countries engages in a fixed exchange rate policy?

Question

Quizplus · Accepted Answer

China engages in a fixed exchange rate policy, where the value of its currency, the yuan, is fixed to the value of the U.S. dollar. This means that the exchange rate between the yuan and other currencies is determined by the Chinese government, rather than by market forces. The U.S., United Kingdom, and Japan do not engage in fixed exchange rate policies.

Which of the Following Countries Engages in a Fixed Exchange