Ask Question
BusinessBusiness
9 January, 11:02

The currency of the United Arab Emirates is fixed relative to the US dollar: this means that the exchange rate between the United Arab Emirates dirham and other currencies is determined by the dollar exchange rate. This is an example of a exchange rate. a. floating b. pegged c. dirty float d. flexible e. real

+5
Answers (1)
  1. 9 January, 13:25
    0
    Answer:b. pegged

    Explanation: The United Arab Emirates (UAE) is one of the countries of the world who has adopted a pegging system as the system through which it will manage its foreign exchange market. Most countries adopt the pegging for stability.

    For example the United Arab Emirates is an oil rich nation and the country needs the United States of America as a major trading partner, hence it has chosen to peg it's currency to the United States dollars.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The currency of the United Arab Emirates is fixed relative to the US dollar: this means that the exchange rate between the United Arab ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Some have believed that emotional intelligence (EQ) is a better predictor for success then a general intelligence (IO). Do you believe this is true, why or why not?
Answers (1)
Suppose that Ike is loss averse. In the morning, Ike's stockbroker calls to tell him that he has gained $1000 on his stock portfolio. In the evening, his accountant calls to tell him that he owes an extra $1000 in taxes.
Answers (1)
A company has two departments, Y and Z that incur wage expenses. An analysis of the total wage expense of $25,000 indicates that Dept. Y had a direct wage expense of $3,200 and Dept. Z had a direct wage expense of $5,300.
Answers (1)
True or false? when the economy is doing well, a significant share of unemployment is frictional.
Answers (1)
Unlike partnerships, if sole proprietorships find themselves in bankruptcy, they need not worry about a court of law requiring them to sell off personal assets to pay for the debts of the firm. a) true b) false
Answers (1)
New Questions in Business
Wifty Company sells one product. Presented below is information for January for Swifty Company. Jan. 1 Inventory 103 units at $5 each 4 Sale 82 units at $8 each 11 Purchase 135 units at $7 each 13 Sale 102 units at $9 each 20 Purchase 167 units at
Answers (1)
Direct comments taken from another author do not have to be paraphrased
Answers (1)
No Child Left Behind legislation is the current reauthorization of the Elementary and Secondary Education Act of 1965. True False
Answers (2)
Harry's Hotdogs is a small street vendor business owned by Harry Huggins. Harry is trying to get a better understanding of his costs by categorizing them as fixed or variable.
Answers (1)
A registered representative opens a new account for a customer by telephone and receives an order to sell 300 shares of ABC at the market.
Answers (1)
Home » Business » The currency of the United Arab Emirates is fixed relative to the US dollar: this means that the exchange rate between the United Arab Emirates dirham and other currencies is determined by the dollar exchange rate.
Sign Up Forgot Password?