A country pegs its foreign exchange rate to the United States dollar within a narrow band that can be adjusted over time. What type of exchange rate is this?
- Afixed
- Bfloating
- Cmanaged float
- Dtrade-weighted
Economics 9708 · AS & A Level · 6.4
Economics 9708 · AS & A Level · 6.4
A country pegs its foreign exchange rate to the United States dollar within a narrow band that can be adjusted over time. What type of exchange rate is this?