Reference no: EM132273051
Which of the following statements is correct:
I. Crawling peg regime allows the currency to depreciate gradually over time within a limited range;
II. Free float can be characterised by complete independence of FOREX market from the government interference;
III. Managed float regime allows the currency to move within a defined band relative to another currency;
IV. Exchange rate regimes are established by Bank for international Settlements for all participating countries;
V. According to linked exchange rate regime, one currency is directly linked to the weighted average of a basket of major currencies such as USD, EUR and GBP.
Select one:
a. All of the statement are correct
b. All of the statement are incorrect
c. Only I is correct
d. Only I and V are correct
e. Only I, II, III and V are correct
f. Only II and V are correct
g. Only II and III are correct
h. Only III is correct
i. Only IV is correct
j. Only II is correct
k. Only II and IV are correct