A(n)______________ is a fixed exchange rate system where the band of allowed fluctuation is very narrow.
A)currency board arrangements
B)adjustable peg system
C)crawling peg system
D)managed floating exchange rate system

Question

Quizplus · Accepted Answer

An adjustable peg system is a type of fixed exchange rate system where the currency's value is fixed to another currency or a basket of currencies but allows for adjustments or revaluations within a narrow band of fluctuation. This system provides some stability in exchange rates while allowing for minor adjustments in response to economic conditions.

A(n)______________ Is a Fixed Exchange Rate System Where the Band