Under A(n)_____________ ,The Nation's Monetary Authorities Are Entrusted with the Responsibility

Multiple Choice

Under a(n) _____________ ,the nation's monetary authorities are entrusted with the responsibility of intervening in foreign exchange markets to smooth out short-run fluctuations in exchange rates without attempting to affect their long-run trend.

A) currency board arrangements
B) adjustable peg system
C) crawling peg system
D) managed floating exchange rate system