A Pegged Exchange Rate Means That the Value of a Currency

question 46

Multiple Choice

A pegged exchange rate means that the value of a currency is:

• A) fixed against other currencies based on an agreement.
• B) not determined by free market forces.
• C) fixed relative to a reference currency.
• D) independent of the valuations of other currencies.

---

Definitions:

Water

A clear, flavorless, scentless, and almost colorless liquid that primarily makes up the waters of Earth's rivers, lakes, and seas, as well as being a major component of the fluids within most living beings.

Irrigation

The man-made process of providing water to soil to help cultivate plants and crops.

Water

A transparent, tasteless, odorless, and nearly colorless chemical substance that is the main constituent of Earth's streams, lakes, and oceans, and the fluids of most living organisms.

UV Light

Ultraviolet light, a type of electromagnetic radiation with a wavelength shorter than that of visible light but longer than X-rays, known for its ability to disinfect and cause sunburn.