The values of a set of currencies are set against each other at some mutually agreed on exchange rate in a _____ exchange rate system.
A) clean float
B) floating
C) fixed
D) dirty float
E) pegged

Question

Quizplus · Accepted Answer

In a fixed exchange rate system, the values of currencies are fixed against each other at a predetermined rate. The other options, such as floating, clean float, dirty float, and pegged involve variations in the exchange rate based on market forces or government intervention.

The Values of a Set of Currencies Are Set Against