A Crawling Peg Refers To

question 32

Multiple Choice

A crawling peg refers to:

• A) a large and sudden currency depreciation.
• B) a fixed exchange rate regime in which the currency is adjusted very frequently to reflect market conditions.
• C) a managed or dirty float, depending on the business cycle.
• D) a drag on exchange rate adjustment caused by imperfect markets.

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Definitions:

Richard Walton

A prominent figure in the field of industrial relations and organizational behavior, known for his innovative work on workplace conflict resolution methods.

Diffusion

The process through which innovations or ideas spread across populations or social systems.

Rate of Diffusion

The speed at which an innovation spreads within a market or community.

Organizations

Social inventions for accomplishing common goals through group effort.