21. Under an exchange-rate targeting rule for monetary policy, a crawling peg   Question 21 options:   a)  allows the domestic currency to depreciate at a steady rate so that inflation in the pegging country can be lower than that of the anchor country.   b)  fixes the value of the domestic currency to that of a large, low-inflation country.   c)  allows the domestic currency to depreciate at a steady rate so that inflation in the pegging country can be higher than that of the anchor country.   d)  fixes the value of the domestic currency to a commodity such as gold.

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