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What Is a Pegged Exchange Rate? Give an Example of a Country

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What is a pegged exchange rate? Give an example of a country that has a pegged exchange rate,explain how they are able to maintain a pegged exchange rate,and explain the economic advantage this country hopes to gain by pegging its exchange rate.


Definitions:

Genes

Units of heredity made up of DNA that act as instructions to make molecules called proteins.

Infertility

The inability to conceive a child after trying for an extended period of time.

Amniocentesis

A procedure for drawing out and examining fetal cells sloughed off into amniotic fluid to determine whether various disorders are present.

Ultrasound

A medical imaging technique that uses high-frequency sound waves to create images of organs and structures inside the body, commonly used in pregnancy.

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