In a __________ exchange rate system, the values of a set of currencies are set against each other at some mutually agreed-on ex

Question

kap26 [50]

3 years ago

15

In a __________ exchange rate system, the values of a set of currencies are set against each other at some mutually agreed-on ex

change rate.

Social Studies

1 answer:

Travka [436] · Answer 1 · 2022-06-24T20:54:29+03:00

Answer:

In a Fixed Exchange Rate exchange rate system, the values of a set of currencies are set against each other at some mutually agreed-on exchange rate

Explanation:

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.