A System in Which a Country's Currency Is Pegged to the Value

question 62

Multiple Choice

A system in which a country's currency is pegged to the value of another currency like the U.S.dollar,is called a

• A) floating exchange rate system
• B) fixed exchange rate system
• C) managed floating rate system
• D) currency board arrangement

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Definitions:

Scaffold

In education, a framework or set of strategies used to support learners in achieving a task or understanding new concepts.

Mathematical Transformations

processes by which a mathematical entity is changed or mapped from one form or representation to another.

Concrete Operational Stage

A developmental phase identified by Piaget, occurring between ages 7 to 12 years, during which children gain a better understanding of concrete events and logical operations.

Critical Period

A specific time in an organism's development during which the presence or absence of certain experiences has a long-lasting impact on future psychological capabilities and behavior.