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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:

N - 1 Adjustment

A statistical method used to correct the bias in the variance estimate of a sample.

Standard Deviation

A measure that quantifies the amount of variation or dispersion of a set of data values.

Scores

Quantitative values assigned to individuals or items for the purpose of evaluation or measurement.

Variance

A measure of the dispersion of a set of data points around their mean, indicating how spread out the data points are.

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