fixed exchange rate


An exchange rate that is officially controlled by the issuing country rather than determined by the world currency market conditions. (Compare floating exchange rate.)

QUIZZES

CAN YOU GUESS THESE WORDS FROM AROUND THE US?

American English is not always as it appears to be ... get to know regional words in this quiz!
Question 1 of 10
A bet is synonymous with a wager, but what does it mean in New York?
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.