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vredina [299]
2 years ago
5

Describe the purposes of a fixed currency regime

Social Studies
2 answers:
agasfer [191]2 years ago
7 0

Answer:

A fixed exchange rate is a regime applied by a government or central bank ties the country's currency official exchange rate to another country's currency or the price of gold. The purpose of a fixed exchange rate system is to keep a currency's value within a narrow band

Y_Kistochka [10]2 years ago
4 0

Answer:

A fixed exchange rate is a regime applied by a government or central bank ties the country's currency official exchange rate to another country's currency or the price of gold. The purpose of a fixed exchange rate system is to keep a currency's value within a narrow band.

Explanation:

In 2018, according to BBC News, Iran set a fixed exchange rate of 42,000 rials to the dollar, after losing 8% against the dollar in a single day. The government decided to remove the discrepancy between the rate traders used—60,000 rials—and the official rate, which at the time was 37,000.

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2 years ago
You are chosen by the Municipal Government to organize an event like "Run for a Cause", a 5 km. Fun Run to be attended by all go
Arte-miy333 [17]

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