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A "Dirty Float" Occurs When a Nation Uses Central Bank

question 83

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A "dirty float" occurs when a nation uses central bank intervention in the foreign exchange market to promote a depreciation of its currency's exchange value, thus gaining a competitive advantage compared to its trading partners.


Definitions:

Activity Theory

A theory that suggests aging individuals will find their lives satisfying to the extent that they can maintain active engagements and roles in society.

Social Attitudes

A learned tendency to evaluate societal entities with some degree of favor or disfavor.

Property Taxes

Taxes levied on property owners by local governments, based on the assessed value of their property.

Financial Resources

Funds available to a person or organization for spending in the form of cash, liquid securities, and credit lines.

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