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In a __________ exchange rate system, the values of a set of currencies are set against each other at some mutually agreed-on exchange rate.

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User Cpd
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1 Answer

3 votes

Answer:

In a Fixed Exchange Rate exchange rate system, the values of a set of currencies are set against each other at some mutually agreed-on exchange rate

Step-by-step explanation:

A fixed exchange rate is a regime applied by a government or central bank ties the country's currency official exchange rate to another country's currency or the price of gold. The purpose of a fixed exchange rate system is to keep a currency's value within a narrow band.

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User Kasbah
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