Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Business Studies Finance and Trade International Trade
Which among the following statements is not true relating to 'Crawling Peg System of exchange rate ?
1
It was introduced as an alternative to the adjustable peg system.
2
It allows a narrow margin of fluctuations as compared to adjustable peg system.
3
It takes a position in between the fixed exchange rate system and the flexible exchange rate system.
4
It was introduced by IMF in 1971.