What is a "pegged" exchange rate system? Do all of these still exist today? If so, what are some examples
A pegged exchange rate is an exchange system in which a country
fixes it currency rate with a single foreign currency or a basket
of other currencies The rate is fixed and does not fluctuate
because of demand and supply of domestic and foreign
currency.
Yes these still exist today. Examples of pegged currencies are Hong
Kong Dollar Pegged to US Dollar. Chinese Yen is pegged to US
dollar.
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