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Question 39
1 Point
Which of the following is an example of a pegged currency?
(A) U.S datlar
(B) Eritish pound
© Euro
(D) Chinesp yuan
bisten

Ask by Williams Bowers. in the United States
Mar 30,2025

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The correct answer is (D) Chinese yuan, as it is an example of a pegged currency.

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Extra Insights

Ever since the early 20th century, countries have often chosen to peg their currencies to a more stable currency, typically the U.S. dollar, to maintain exchange rate stability. This approach helps to mitigate inflation and fosters international trade by creating predictable pricing for goods and services across borders.
In practice, pegging a currency can lead to interesting scenarios, especially when global markets fluctuate! For instance, countries that have pegged currencies might find themselves under pressure to maintain their exchange rates during economic crises, leading to potential recession or even currency crises. So, while it sounds ideal, it carries its own set of challenges!

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