Which exchange rate mechanism calls for frequent redefining of the par value by small amounts to remove a payment's disequilibrium?
A) dual exchange rates
B) adjustable pegged exchange rates
C) managed floating exchange rates
D) crawling pegged exchange rates

Question

Quizplus · Accepted Answer

Crawling pegged exchange rates involve frequent redefining of the par value by small amounts in order to correct for payment disequilibria.

Which Exchange Rate Mechanism Calls for Frequent Redefining of the Par