An Exchange-Rate System in Which Currencies Float Against One Another

question 144

Short Answer

An exchange-rate system in which currencies float against one another, with governments intervening to stabilize currencies at particular target exchange rates, is called a(n) ________.

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Definitions:

Precise Definition

An exact and clear explanation or description of a concept, term, or phenomenon.

Confession Evidence

Testimony or statements admitting to criminal activity, which can be used as evidence in court to support the prosecution’s case against the defendant.

Indicator

A measure or metric used to evaluate or predict the performance, health, or quality of something.

Guilt

A feeling of having done wrong or failed in an obligation, often associated with moral and legal judgment.