25. Since Taiwan is not a member of the International Monetary Fund, the Central Bank of the ROC(Taiwan) tends to control financial flows and sets exchange rate target zones. Which of thefollowing features would be most likely found in this system?
 (a) Currencies would be allowed to fluctuate within bands.
 (b) These bands would be very narrow, say no more than ±1%.
 (c) Central parity among currencies with Taiwan Dollar would be set so as to maintain it at the“fundamental equilibrium exchange rate.”
 (d) The central parity would be adjusted very infrequently.
 (e) There would be “soft buffers,” with exchange rates occasionally allowed to move outside theirbands.
(A) (b) and (d)
(B) (a), (c), and (e)
(C) (a), (b), and (c)
(D) (c) and (d)