Pegging or Fixing the Exchange Rate at One Level Usually

question 55

True/False

Pegging or fixing the exchange rate at one level usually results in excess demand or excess supply of foreign exchange.

---

Definitions:

Intervening Events

Events that occur between the initial act and the final outcome that may affect the outcome or legal responsibilities.

Defendant's Negligent

Refers to a situation where a defendant in a legal case failed to exercise a reasonable standard of care, leading to harm or damage.

Reasonable Blind Person

A hypothetical standard used in legal contexts to assess accessibility or accommodations required for blind individuals to ensure equal opportunities.

Standard of Care

The level of competence, diligence, and prudence that a reasonable person would exercise in similar circumstances, often used in legal and medical contexts.