2110118-1354 EDT
You guys need to study, play with, experiment, and get an understand of how instruments work that you use.
Most general purpose analog and digital meters and not very useful peak measuring devices.
Let us start with an ordinary moving coil type meter. This is a mechanical device with an electrical driving element. Being mechanical it has inertia and this is an averaging type mechanism. The electrical part is a force generator with its own time constant, averaging characteristic. Then most of these meters have a linear spring that the electrical force works against to produce a reading by a moving needle over a scale. If you watch the meter for a while you can get a reasonable estimate of its average reading for a steady input signal. Such meters usually have a fixed magnetic field that a moving coil works in.
To make AC measurements two broad classes of meters are used. One type uses two coils that work against each other, called an electrodynamometer meter. This is a true RMS meter. The other major type uses a diode rectifier, and an ordinary AC or DC meter. This second type falls in two categories, average reading calibrated in RMS on a sine wave, and a true RMS type. The mechanical meter movement is the primary averaging unit.
With electronic meters the circuitry provides the same types of measurements that the mechanical meters provide. However, electrodynamometer meters read the RMS value of the combined input AC and DC input signal. Most electronic meters strip out the DC component of an input.
With electronic meters lots of different characteristics can be generated.
.