The Current International Financial System Is a Managed Float Exchange

question 81

Multiple Choice

The current international financial system is a managed float exchange rate system because

• A)exchange rates fluctuate in response to,but are not determined solely by,market forces.
• B)some countries keep their currencies pegged to the dollar,which is not allowed to fluctuate.
• C)all countries allow their exchange rates to fluctuate in response to market forces.
• D)all countries peg their currencies to the dollar which is allowed to fluctuate in response to market forces.

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