Fixed vs. Pegged - LOS 19.F

[kant]

Is this LOS actually asking for the difference between Fixed and Crawling Peg?
I don’t see how Fixed and Pegged are different unless it’s a crawling peg.

 

[QuantJock_MBA]

Fixed- set to a specific exchange rate.
Peg- range of applicable exchange rates. Visited and adjusted regularly.
Both violate supply and demand of currency via gov interaction.

 

[Dreary]

It’s probably interchangeable, but if forced to, I would say fixed is when the the price of a currency is set to gold or some other similiar asset, i.e., it is fixed to something stable, while pegged is simply a currency’s price set to another currency’s price. I don’t have my books, this is just a guess.