The Term "Target Zone Arrangement" Refers to A

The term "target zone arrangement" refers to a:

A) situation where countries adjust their national economic policies to maintain exchange rates within some predetermined limits.
B) system where several central banks act in a coordinated intervention to keep the price of one country's currency within reasonable trading ranges.
C) system where currencies are pegged to gold, or to hard currency.
D) system where local currencies are replaced by dollars.

Correct Answer:

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