A narrow target zone exchange rate band (such as the EEC had until 1992)is most similar to

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A narrow target zone exchange rate band is a form of a fixed exchange rate system, where the central bank or government of a country commits to maintaining a specific exchange rate within a narrow range against another currency or a basket of currencies. This is different from a flexible exchange rate system, where exchange rates are determined by market forces, and a managed floating exchange rate system, where the central bank intervenes in the currency market to influence the exchange rate without committing to a specific level. A single currency system is a broader concept that refers to a group of countries adopting a common currency, such as the eurozone.

A Narrow Target Zone Exchange Rate Band (Such as the EEC