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  3. Study Set
    Economics for Business
  4. Exam
    Exam 27: The Balance of Payments and Exchange Rates
  5. Question
    When a Currency Is Allowed to Float Between Upper and Lower
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When a Currency Is Allowed to Float Between Upper and Lower

Question 1

Question 1

Multiple Choice

When a currency is allowed to float between upper and lower rates but not allowed to move outside this band, it is called


A) crawling peg.
B) exchange rate band.
C) dirty floating.
D) adjustable peg.

Correct Answer:

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