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    Exam 9: The International Monetary System and Financial Markets
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    When a Country's Currency Is Tied or Fixed to Another
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When a Country's Currency Is Tied or Fixed to Another

Question 24

Question 24

Multiple Choice

When a country's currency is tied or fixed to another country's currency, this is called _____________ exchange rate.


A) foreign
B) pegged
C) float
D) fixed

Correct Answer:

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