Examlex
What is catchball? Describe.
U.S. Dollar
The sanctioned monetary unit of the United States, commonly employed worldwide as a reference and reserve currency.
Fixed Exchange-rate System
A currency value regime where a country's currency is pegged at a set value to another currency, a basket of currencies, or a commodity like gold.
Foreign Exchange Market
A global decentralized or over-the-counter market for trading currencies, facilitating international trade and investment.
Peg
Fixing the exchange rate of a currency by linking it to another currency or basket of currencies.
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