Frank and Ernest by Thaves for October 04, 2009
Ernest says, "This is a fascinating article! I'm learning a lot about international finance! It says that a country's currency is either "free-floating" or "pegged."" Ernest says, "The value of a pegged currency is fixed to another currency or basket of currencies. But the exchange rate for a free-floating currency, like the dollar, is determined by market forces! Frank says, "I already knew the dollar is free-floating...most of mine have drifted away!"