Question : When value of domestic currency is tied to the value of another currency, it is known as
Option 1: Pegging
Option 2: Parity value
Option 3: Speculative
Option 4: None of the above.
Answer (1)
8th Jan, 2024
Correct Answer:
Pegging
Solution :
Pegging involves when value of domestic currency is tied to the value of another currency.
Hence option A is correct.
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