Match List-I with List-II:

Choose the correct answer from the options given below:

(A)-(II), (B)-(III), (C)-(I), (D)-(IV)

The correct answer is Option (2) → (A)-(II), (B)-(III), (C)-(I), (D)-(IV)

(A) Pegged exchange rate system: This is a system where a currency's exchange rate is fixed to another currency or a basket of currencies. (Matches with II - Fixed exchange rate system)
(B) Managed floating: This is a system where a government allows its currency to fluctuate within a target range but intervenes occasionally to buy or sell currency to influence the exchange rate. Under this system, also called dirty floating, central banks intervene to buy and sell foreign currencies in an attempt to moderate exchange rate movements whenever they feel that such actions are appropriate (Matches with III - Dirty floating)
(C) Bretton Woods Conference: This was a significant international monetary conference held in 1944 that established the International Monetary Fund (IMF) and the World Bank. (Matches with I - Setting up of IMF and World Bank)
(D) Third element in BOP (Balance of Payments): The BOP is an accounting system that records all economic transactions between a country and the rest of the world. The third element typically refers to the net balance of unrecorded transactions, statistical discrepancies, and valuation errors. (Matches with IV - Error and Omission Account)