Explain How a Pegged Exchange-Rate System Works

question 86

Essay

Explain how a pegged exchange-rate system works.Why would a country choose to follow this system?

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Definitions:

Ten Years' Imprisonment

A criminal sentence where the convicted individual is required to spend ten years in jail.

Reasonable Doubt

A standard of proof in criminal cases that requires the prosecution to prove the defendant's guilt to such a high degree that a reasonable person would have no doubt as to the defendant’s guilt.

Convicted

Found guilty of a crime by a court of law.

Juror

A member of a jury, usually a group of citizens sworn to render a verdict in a trial based on evidence presented in court.