A___ is a currency whose value is tied to another currency, meaning that the exchange is fixed

Question

Armani Sloan

Mathematics

23 September, 03:10

A___ is a currency whose value is tied to another currency, meaning that the exchange is fixed

+5

Answers (2)

Know the Answer?

Emerson Macias · Answer 1

Answer: pegged echange rate

Step-by-step explanation

Aylin Moran · Answer 2

Fixed exchange rate

Step-by-step explanation:

We are given,

'A currency whose value is tied to another currency, meaning that the exchange is fixed'.

So, we can see that,

This statement defines the 'Fixed exchange rate' which is a system where the currency is matched (or fixed) to the value of another currency.

Thus, we get,

A 'fixed exchange rate' is a currency whose value is tied to another currency, meaning that the exchange is fixed.