The exchange rate system in which the exchange rate is fixed against a major currency or some

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The exchange rate system in which the exchange rate is fixed against a major currency or some basket of currencies is called

a. crawling pegs.

b. managed floating.

c. a fixed peg.

d. horizontal bands.

e. a currency board.

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Fundamentals Of Economics

ISBN: 9780618992676

4th Edition

Authors: William Boyes , Michael Melvin

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