Under a pegged exchange rate regime, a country will peg the value of its currency to that of a major currency, so that if the reference currency rises in value, its own currency rises too
Indicate whether the statement is true or false.
TRUE
Under a pegged exchange rate regime, a country will peg the value of its currency to that of a major currency so that, for example, as the U.S. dollar rises in value, its own currency rises too. Pegged exchange rates are popular among many of the world's smaller nations.
Business
You might also like to view...
Which of the following is charged or credited (net of tax) to the opening balance of retained earnings?
a. Discontinued operations. b. Extraordinary items. c. Changes in accounting principle. d. All of these answer choices are correct.
Business
Speeches of charismatic leaders contained more references to _____
a. collective history b. the leader's value c. the differences between leaders and followers d. all of the above.
Business