Economics · Foreign Exchange Market
When a government actively buys or sells its domestic currency to maintain or increase its pegged exchange value, the process of maintaining a higher value is known as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Pegging up✓
- 2Pegging down
- 3Maintaining
- 4Balancing
Correct answer
Pegging up
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