The average duration for a pegged exchange rate is about:
A) 5 years.
B) 10 years.
C) 2 years.
D) It is indefinite.

Question

Quizplus · Accepted Answer

The average duration for a pegged exchange rate is around 5 years. However, this can vary depending on various factors such as economic conditions, external market shocks, and government policies. While some pegs may last longer than 5 years, others may be adjusted or abandoned before the 5-year mark.

The Average Duration for a Pegged Exchange Rate Is About