Difference between revisions of "Fixed exchange rate system"
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| − | A system in which exchange rates between currencies are set at a predetermined level and do not move in response to changes in supply and demand. | + | A system in which [[exchange rate|exchange rates]] between [[currency|currencies]] are set at a predetermined level and do not move in response to changes in [[supply]] and [[demand]]. |
==Sources== | ==Sources== | ||
Revision as of 15:35, September 22, 2007
A system in which exchange rates between currencies are set at a predetermined level and do not move in response to changes in supply and demand.