Problem
Based on the statement answer the question highlighted.
In lines and 1 APAreference.
Africa is home to most of the fixed currency countries at 19, with 14 of them using the CFA franc that is pegged to the Euro and three pegged to the South African Rand (ZAR) The Middle East has 7 countries all pegged to the USD. If you are talking about the exchange rate policy of pegging (or fixing) of certain currencies, then the majority of these countries are pegged to the EUR (19 total), with the USD coming second (13 total).
Which of these countries besides Nicaragua (give at least ten) which have a crawling system and what are the reasons for these countries using the crawling peg?
How does the crawling peg in five of these countries help or hinder the balance of payments?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.