what is adjustable peg system / bretton woods system ❓❓❓
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it the concept world currency exchange found after second world war by United states of America it lead to the formation of world bank and IMF
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hy. Plz mrk me as brainliest
Explanation:
An adjustable peg exchange rate is a system where a currency is fixed to a certain level against another strong currency such as the Dollar or Euro.
The adjustable peg is effectively a semi-fixed exchange rate.The Bretton woods system of the 1960s and 1970s was an example of an adjustable peg system.
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