When the value of a currency is fixed relative to a particular country's currency, this is referred to as a ________ exchange rate.
A)permanent
B)variable
C)floating
D)pegged

Question

Quizplus · Accepted Answer

When the value of a currency is fixed relative to a particular country's currency, it is referred to as a pegged exchange rate. This means that the value of the currency will always be maintained at a certain level in terms of the other currency, and will not fluctuate based on market forces.

When the Value of a Currency Is Fixed Relative to a Particular