What is a currency system in which each country tries to keep the value of its currency constant against one another called?

A) a fixed exchange rate system

B) a flexible exchange rate system

C) a floating currency exchange

D) a constant pricing system

The currency system in which each country tries to keep the value of its currencyc onstant against one another called: A. a fixed exchange rate system

The major advantage of a fixed exchange rate system is to prevent the negative impact that could potentially happen from the devaluation because of the fluctuation in currency value