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1 pts The system in which the country pegs its currency (e.g., Chinese yuan, Saudi...

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Accounting

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1 pts The system in which the country pegs its currency (e.g., Chinese yuan, Saudi Arabian riyal) at a fixed rate to a major currency or basket of currencies, while the exchange rate fluctuates within a narrow margin around a central rate is called a(n) o managed floating exchange rate system o spot market D fixed exchange rate system independent floating exchange rate system

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