hich 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?
A. Pegged or fixed exchange rates
B. Adjustable pegged exchange rates
C. Managed floating exchange rates
D. Freely floating exchange rates
A. Pegged or fixed exchange rates
B. Adjustable pegged exchange rates
C. Managed floating exchange rates
D. Freely floating exchange rates