Managed Float Means

question 109

Multiple Choice

Managed float means:

• A)a fixed exchange rate system with regularly scheduled periodic devaluations.
• B)a freely floating exchange rate system.
• C)a combination of freely floating exchange rates with occasional intervention by central banks.
• D)a fixed exchange rate system managed by the European Community.
• E)a flexible exchange rate system managed entirely by the IMF.

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Definitions:

Production Function

A mathematical model that describes the maximum output that can be achieved with a given set of inputs, reflecting the technological relationship between inputs and outputs.

Factors Of Production

The inputs used in the production of goods or services in the attempt to make an economic profit. These include land, labor, capital, and entrepreneurship.

Input

Resources used in the production process to produce goods or services, such as labor, raw materials, and capital.

Output

The amount of goods or services produced by a company, industry, or economy.