When a Country's Currency Is Tied or Fixed to Another

question 24

Multiple Choice

When a country's currency is tied or fixed to another country's currency, this is called _____________ exchange rate.

• A) foreign
• B) pegged
• C) float
• D) fixed

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Definitions:

Tolerance for Ambiguity

The degree to which an individual is comfortable with uncertainty, unpredictability, and unclear situations without experiencing significant stress.

Cultural Differences

The variations in the practices, customs, and behaviors of different societies or cultures.

Necessity-based Entrepreneur

An individual who starts a business out of necessity, often due to the lack of employment opportunities.

Necessity-based Entrepreneurship

Entrepreneurial activities initiated out of a need rather than a desire for opportunity, often due to lack of traditional employment options.