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World geography miscellaneous

  1. Pegging up of a currency means, fixing the value of a currency
    1. at a constant level
    2. at a lower level
    3. at a higher level
    4. leaving it to market forces
Correct Option: A

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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