What are pegged exchange rates?
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What are pegged exchange rates? |
Answer and Explanation
Sample Response
The exchange rate at which a country links its currency to a security or another currency or group of currencies is known as pegged exchange rate. Pegging the currency stabilizes ...
Sample Response
The exchange rate at which a country links its currency to a security or another currency or group of currencies is known as pegged exchange rate. Pegging the currency stabilizes the rate of exchange between the two countries.
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