Crawling Pegs Are Used When Countries Have Consistent Inflation Problems

question 24

True/False

Crawling pegs are used when countries have consistent inflation problems causing governments to constantly appreciate their national currencies (i.e. more national currency units per dollar or Euro).

---

Definitions:

Walking Purchase

A 1737 agreement between the Penn family, the proprietors of Pennsylvania, and the Lenape Indians, which fraudulently expanded Pennsylvania territory by utilizing a forged document.

Lenni Lenape Indians

A Native American tribe originally inhabiting parts of the Northeastern United States, also known as the Delaware Indians.

Inconsequential

means not important or significant; having little or no importance.

Deceptive

Pertaining to or involving deceit; misleading or giving a false impression.