Economics · Exchange Rate Systems
Which among the following statements is NOT true regarding the 'Crawling Peg System' of exchange rates?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1It was formally introduced by the IMF as the standard system in 1971.✓
- 2It takes a position in between the fixed exchange rate system and the flexible exchange rate system.
- 3It allows small, frequent adjustments in par value rather than large, sudden devaluations.
- 4It was introduced as an alternative to the adjustable peg system.
Correct answer
It was formally introduced by the IMF as the standard system in 1971.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Exchange Rate Systems MCQs →Want more practice questions on Exchange Rate Systems?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Exchange Rate Systems