Which of the following statements is correct: 1. Crawling peg regime allows the currency to depreciate gradually over time within a limited range; II. Free float can be characterised by complete independence of FOREX market from the government interference; III. According to linked exchange rate regime, one currency is directly linked to the weighted average of a basket of major currencies such as USD, EUR and GBP; IV. Exchange rate regimes are established by Bank for international Settlements for all participating countries; V. Managed float regime used to be popular in the past but recently the major economies have established the floating exchange rate regime. Select one: a. All of the statement are correct O b. All of the statement are incorrect c. Only 1 is correct d. Only I and V are correct e. Only I, II, III and V are correct f. Only II and V are correct g. Only II and III are correct Oh. Only III is correct i. Only IV is correct j. Only Il is correct k. Only II and IV are correct