Show all formulae and calculations where necessary. Round all answers to the nearest whole number. Explanations should be clear and concise. 6. The following is a list of exchange rate regimes: (6 marks) 1) Crawling peg 11 Free floating 111 Adjustable peg IV Totally fixed V) Dirty floating VI Exchange rate band vui Joint float Match the statements below to each of the exchange rate regimes above: 6.1) Where a currency is allowed to float between an upper and lower exchange rate but is not allowed to move outside these limits. 6.2) Where countries peg their exchange rate permanently to gold or to another currency. 6.3) Where exchange rates are fixed for a period of time, but may be devalued ( or revalued) if a deficit (or surplus) becomes substantial. 6.4) Where government allows a gradual adjustment of the exchange rate by small amounts. 6.5) Where a group of currencies are pegged to each other but collectively are free to fluctuate against other currencies 6.6) Where the government intervenes in the foreign exchange market to prevent excessive exchange rare fluctuations