Question

17) Maintenance exchange rate stability is the function of economic co-operation. O A) IME O B) BRICS O C) WHO O D) World Bank​

Answer 1

Answer:

A fixed exchange rate, often called a pegged exchange rate, is a type of exchange rate regime in which a currency's value is fixed or pegged by a monetary authority against the value of another currency, a basket of other currencies, or another measure of value, such as gold.