Which of the Following Is the Reason the Current Foreign

question 84

Multiple Choice

Which of the following is the reason the current foreign exchange system is sometimes thought of as a managed-float system?

• A) The exchange rates of a currency are determined by market forces.
• B) Governments intervene frequently in the foreign exchange market.
• C) Major currencies are allowed to freely float against each other.
• D) Countries use a reference currency to estimate the value of their currencies.

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