Moora and Trun,two countries that are part of the BURPHA common market have an exchange rate system where the values of their currencies are set against each other at a mutually agreed on exchange rate.Moora and Trun's exchange rate system is called
A)clean float.
B)floating.
C)fixed.
D)dirty-float.
E)pegged.

Question

Quizplus · Accepted Answer

The exchange rate system described is a "fixed" system, where the values of the currencies are set at a mutually agreed rate.

Moora and Trun,two Countries That Are Part of the BURPHA