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Economics Mcqs
Q
Which exchange rate system involves a leaning against the wind|| strategy in which short-term fluctuations in exchange rates are reduced without adhering to any particular exchange rate over the long run ?
AA. Pegged of fixed exchange rates
BB. Adjustable pegged exchange rates
CC. Managed floating exchange rates
DD. Free floating exchange rates
Correct Answer:
B. B. Adjustable pegged exchange rates