1967EconomicsMedium
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?
Apegged of fixed exchange rates
Bfree floating exchange rates
Cadjustable pegged exchange rates
Dmanaged floating exchange rates
Correct answer
C. adjustable pegged exchange rates
Explanation
The correct answer is adjustable pegged exchange rates.