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Q. |
Pegging up of a currency means, fixing the value of a currency - |
A. | at a constant level |
B. | at a lower level |
C. | at a higher level |
D. | leaving it to market forces |
Answer» A. at a constant level | |
Explanation: Currency pegging is the idea of fixing the exchange rate of a currency by matching its value to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold or silver. A fixed exchange rate is usually used to stabilize the value of a currency, with respect to the.currency or the other valuable it is pegged to. |
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