题目内容
The special drawing right (SDR) is a basket of fore currencies: the British pound, the U.S. dollar, the Chinese yuan and the Japanese yen.
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Fixed exchange rates are likely to be changed at some point over time.
Government can change domestic interest rates to influence short-term capital flows and thereby defend a fixed exchange rate.
If a country's currency is a reserve currency, then intervention in the foreign exchange market to maintain a pegged exchange rate is unnecessary.
The current world exchange rate system is usually described as an adjustable peg system.
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