A) at a constant level
B) at a lower level
C) at a higher level
D) leaving it to market forces
Correct Answer: A
Solution :
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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