Question

19. A rate refers to the system in which the rate of exchange of a currency is pegged in terms of gold or
another currency?
(A) Forward Rate
(B) Long Rate
(C) Fixed Rate
(D) Spot Rate​

Answer 1

Answer:

(c) fixed rate

Explanation:

A fixed exchange rate, sometimes 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.