The Use of a Crawling Peg Refers to

Multiple Choice

The use of a crawling peg refers to

A) sequentially targeting different currencies as exchange rate pegs
B) repeated devaluations despite an ostensibly fixed exchange rate
C) an annual inflation target of 2%, which allows the price level to creep upward at a deliberate pace
D) an exchange rate band which moves over time according to a planned schedule
E) the gradually widening gap between the interest rates of 2 countries with a fixed exchange rate, due to a rising risk premium