The Exchange Rate Arrangement in Which the Currency Is Adjusted

question 22

Multiple Choice

The exchange rate arrangement in which the currency is adjusted periodically in small amounts at a fixed,preannounced rate or in response to changes in selective quantitative indicators is called

• A) Currency Board
• B) Pegged Exchange rate within horizontal bands
• C) Crawling pegs
• D) Exchange rate within crawling bands

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Definitions:

Specificity

The ability of a test or procedure to correctly distinguish those without a disease or condition from those who have it, often referred to in the context of diagnostic testing.

Preferred pH

The optimal acidity or alkalinity level at which an enzyme, organism, or biochemical process functions most efficiently.

Particular Substrate

A specific substance or surface that an enzyme or other active molecule acts upon to facilitate a chemical reaction.

Enzyme

Biological molecules that significantly speed up the rate of virtually all of the chemical reactions that take place within cells.