The system where a country pegs its currency to that of another currency is called

Question

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A fixed exchange rate system involves a country pegging its currency to another currency, making the exchange rate between the two currencies fixed. A floating exchange rate system allows the exchange rate to be determined by the market forces of supply and demand. A managed floating rate system is a combination of both, where the exchange rate is allowed to fluctuate within a certain range, but central banks intervene to manage the exchange rate in some way. None of the above is not a correct answer in this case.

The System Where a Country Pegs Its Currency to That