Examlex
Which statement below best reflects Luther's reform program?
Managed Float
A currency exchange rate policy where a country's central bank intervenes occasionally to change the direction or the pace of change of a currency's value, without specific target levels.
Exchange Rate System
The mechanism through which the value of a country's currency is tied to another currency, a basket of other currencies, or as floating, determined by the forex market.
Central Banks
National banks that provide financial and banking services for their country's government and commercial banking system, and implement monetary policy.
Bretton Woods System
A monetary management system that established the rules for commercial and financial relations among the major industrial states after World War II.
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