Question: 4. A crawling peg is: Select one: a. a managed float where an exchange rate is allowed to appreciate in controlled steps over time. b.

4.

A crawling peg is:

Select one:

a.

a managed float where an exchange rate is allowed to appreciate in controlled steps over time.

b.

an exchange rate that is allowed to float or move within a defined or set band relative to another currency.

c.

an exchange rate determined by the supply and demand factors in the FX markets.

d.

a constant rate of exchange between currencies.

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