A___ is a currency whose value is tied to another currency, meaning that the exchange is fixed

Question

asked Sep 21, 2020 79.5k views

2 Answers

Anoushka Seechurn · Answer 1 · 2020-09-27T01:30:07+0000

Answer:

Fixed exchange rate

Explanation:

We are given,

'A currency whose value is tied to another currency, meaning that the exchange is fixed'.

So, we can see that,

This statement defines the 'Fixed exchange rate' which is a system where the currency is matched (or fixed) to the value of another currency.

Thus, we get,

A 'fixed exchange rate' is a currency whose value is tied to another currency, meaning that the exchange is fixed.