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An exchange rate system where the central bank or government sets official upper and lower bounds for the market value of the country's currency and
An exchange rate system where the central bank or government sets official upper and lower bounds for the market value of the country's currency and the central bank or government pledges to undertake an intervention if the market-determined exchange rate approaches either the upper or lower bound is a
a.target zone regime.
b.crawling peg.
c.currency board system.
d.managed float system
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