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Q: Currency rate 1850 dollar to 2007 dollar?
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What best explains what happens when a currency is pegged to the us dollar?

The value of the pegged currency goes up and down depending on the exchange rate of the U.S. dollar. ALSO Pegging a currency to the U.S. dollar gives that currency the same stability as the U.S. dollar, keeping its exchange rate from fluctuating too wildly.


What happens when a currency is pegged to the U.S dollar?

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