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Author Question: What is meant when a currency is said to float? What does it mean for a currency to be pegged? What ... (Read 117 times)

jman1234

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on: Jun 29, 2018
What is meant when a currency is said to float? What does it mean for a currency to be pegged? What types of currencies are commonly floated and pegged?

Question 2

What is an export-import bank?


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sultansheikh

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Reply #1 on: Jun 29, 2018
Answer to Question 1

When exchange rates are set by supply and demand considerations, a currency is said to float. When a currency is pegged, its exchange rate is set to another currency. Hard currencies normally float. Soft currencies are sometimes pegged to their largest trading partners.

Answer to Question 2

An export-import bank is an independent bank established by a government to finance or insure the export sales of a country's products.


jman1234

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Reply #2 on: Jun 29, 2018
Thank you :)


sultansheikh

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Reply #3 on: Jun 29, 2018
Happy to help you


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