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Explain how a pegged exchange rate system works. Why would a country choose to follow this type of system?
Social Groups
Collections of individuals who interact with each other, sharing similar characteristics and collectively possessing a sense of unity or identity.
Elementary School
An educational institution for children, typically from kindergarten through fifth or sixth grade, focusing on basic academic learning and social skills.
Socioeconomic Status
An individual or group's position within a hierarchical social structure, determined by wealth, education, and occupation.
Popularity
The quality or state of being widely admired, liked, or supported by many people.
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