The Policy of Changing Par Values by Small Preannounced Amounts

question 5

Multiple Choice

The policy of changing par values by small preannounced amounts at frequent intervals until the equilibrium exchange rate is reached is called:

• A)crawling peg
• B)adjustable peg
• C)managed float
• D)dirty float

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Definitions:

Innate Ability

A skill or capacity naturally present from birth, not resulting from experience or training.

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A controversial and scientifically unsupported belief that certain individuals or groups are inherently less genetically capable or fit than others.

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