The IMF's Exchange Rate Regime Classification Identifies ________ as the Most

The IMF's exchange rate regime classification identifies ________ as the most rigidly fixed, and ________ as the least fixed.

A) exchange arrangements with no separate legal tender; independent floating
B) crawling pegs; managed float
C) currency board arrangements; independent floating
D) pegged exchange rates within horizontal bands; exchange rates within crawling pegs

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