The rate which linked national currencies for the purpose of international trade was the-
(a) exchange rate
(b) flexible
(c) fixed rate
(d) international currency rate
(a) exchange rate
(b) flexible
(c) fixed rate
(d) international currency rate
Answers & Comments
Verified answer
a) exchange rate
Fixed exchange rate System or Pegged exchange rate system: The pegged exchange rate or the fixed exchange rate system is referred to as the system where the weaker currency of the two currencies in question is pegged or tied to the stronger currency.
Explanation:
Fixed exchange rate System or Pegged exchange rate system: The pegged exchange rate or the fixed exchange rate system is referred to as the system where the weaker currency of the two currencies in question is pegged or tied to the stronger currency