Economics · International Economics - Foreign Exchange Regimes
A foreign exchange system in which frequent and automatic small adjustments in the par value of a currency occur as the market value presses against the floor or ceiling of allowable rates is known as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Balance of trade
- 2Balance of payment
- 3Floating exchange rate
- 4Crawling peg✓
Correct answer
Crawling peg
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