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In the 1960's, Egypt decides to have their currency maintain a fixed exchange rate with the US dollar
In the 1960's, Egypt decides to have their currency maintain a fixed exchange rate with the US dollar. What is this called?
A. A currency peg
B. Currency adoption
C. Free-floating exchange rate system
D. Globalization
Expert Solution
In the 1960's, Egypt decides to have their currency maintain a fixed exchange rate with the US dollar. It is called Currency Peg.
option A is correct.
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