A peg, as a unit of measurement, can vary based on the context in which it's used. Here are a couple of the more common interpretations: 1. **In Financial Terms**: A peg often refers to a fixed exchange rate between two currencies. For example, a country may peg its currency to another (such as the US dollar) to stabilize its value. This means that the value of the pegged currency is tied to the value of the target currency.
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