Which exchange rate system involves regularly adjusting the par value in small increments to correct imbalances in payments?

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Two-tier exchange rate systemFlexible fixed exchange rate systemSupervised floating exchange rate systemCrawling peg exchange rate systemFree floating exchange rate system

Explanation

The crawling peg exchange rate system is characterized by periodic small adjustments to the par value, aimed at addressing disequilibrium in the balance of payments. This differs from other systems such as the dual exchange rate, adjustable peg, or managed float, which do not involve continuous incremental changes.