Which of the following is true of the exchange rate system followed in countries that were part of the Southeast Asian crisis of 1997?
A)They followed a currency board system.
B)They followed a clean float system.
C)They had their currencies pegged to the dollar.
D)They had no separate legal tender.

Question

Quizplus · Accepted Answer

Throughout Southeast Asia,local currencies were pegged to the dollar.

Which of the Following Is True of the Exchange Rate