Question: A adjustable peg refers to: a. a fixed exchange rate regime in which the currency is adjusted infrequently (e.g., every 2 years) to reflect market

A adjustable peg refers to: a. a fixed exchange rate regime in which the currency is adjusted infrequently (e.g., every 2 years) to reflect market conditions. b. a managed or dirty float, depending on the business cycle. c. a large and sudden currency depreciation. d. a fixed exchange rate regime in which the currency is adjusted very frequently (e.g., monthly) to reflect market conditions
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