Please review and answerthe question below. Please Putthe answer in bold.

Which statement is correct? Select the best answer. Answer 2.5 Points E Keypad Keyboard Shortcuts Q In order no benefit its export industries, the oountry may choose to peg the exchange rate of its naljonal cl.|rrenc'_i,.r above the market exchange rane. Under a soft peg exchange rate policy, the central bank can intervene in the exchange rate market onlyr 13o peg the exchange rate of its national currency below the market level, while a hard peg exchange rate policy allows pegging ofexchange rates both above and below the market level. Purchasing the country's naljonal currencyin foreign exchange markets can be used by the oentral bank to peg its exchange rate above the market 0 level