Which of the following exchange rate policies uses a target exchange rate, but allows the target to change?

Question

Quizplus · Accepted Answer

A crawling peg system uses a target exchange rate like a fixed exchange rate, but allows the central bank to adjust the target rate periodically in response to changing market conditions. This provides some flexibility to the exchange rate without allowing it to float freely like in a flexible exchange rate system.

Which of the Following Exchange Rate Policies Uses a Target