A System That Determines the Value of Some Currencies Partly

question 23

Short Answer

A system that determines the value of some currencies partly by demand and supply in the foreign exchange market, and partly by active government intervention in the foreign exchange market is called a ________.

---

Definitions:

Credit Sales

Sales transactions where payment is not received at the time of sale but is agreed to be paid at a later date, often tracked through invoices.

Major Bank Credit Cards

Credit cards that are widely accepted and issued by large, well-known banks, often featuring various benefits and rewards.

Maturity Date

The specific date on which the principal amount of a loan, bond, or other financial instrument is due to be paid in full.

Note Receivable

A written promise that entitles the holder to receive a specified amount of money from another party on a specified date or on demand.