Economics · International Business
What characterizes the Crawling Peg exchange rate system?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Fixed exchange rate with no variation allowed
- 2Freely floating exchange rate determined solely by the market
- 3Periodic, small adjustments in the exchange rate around a par value based on specified indicators✓
- 4Intervention by central banks based only on ad hoc market demand
Correct answer
Periodic, small adjustments in the exchange rate around a par value based on specified indicators
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