The Figure Below Shows the Demand (D) and Supply (S)

Multiple Choice

The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S.Figure 21.4

-Under the _____ arrangement, the exchange rate is adjusted periodically by small amounts at a fixed, pre-announced rate or in response to certain indicators.

A) currency board
B) crawling peg
C) reserve currency
D) conventional fixed peg
E) independent float