Question: Under a fixed exchange rate system or pegged exchange rate system: a.central bank intervention in the foreign exchange market is often necessary. b.foreign exchange market

Under a fixed exchange rate system or pegged exchange rate system:
a.central bank intervention in the foreign exchange market is often necessary.
b.foreign exchange market does not exist.
c.central bank intervention in the foreign exchange
d.market is not necessary.
e. central bank intervention in the foreign exchange market is not allowed.

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