Which of these is defined as an exchange rate regime where the country's central bank allows its currency price to float freely between an upper and lower bound and may buy and sell large amounts of it in order to provide price support or resistance?

Question

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Managed-floating regime is characterized by a central bank's involvement in the currency market to stabilize or influence its currency's value within certain bounds, without committing to a fixed exchange rate.

Which of These Is Defined as an Exchange Rate Regime