What Is a Fixed Exchange Rate

What is a fixed exchange rate?

A) A monetary system in which the exchange rates of major currencies retain nearly the same value with respect to the U.S.dollar but are allowed to fluctuate during crises.
B) A monetary system in which the exchange rates of currencies are set at a permanent price of another currency or a precious metal.
C) A monetary system in which the exchange rates of major currencies retain nearly the same value with respect to gold but are periodically adjusted in response to currency crises.
D) A monetary system in which exchange rates are allowed to change according to their market price.
E) A trading system in which governments limit how many goods can be sent between countries.

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