A System in Which Currencies Float Against One Another,with Governments

question 36

Multiple Choice

A system in which currencies float against one another,with governments intervening to stabilize their currencies at particular target exchange rates is called a ________.

• A) managed float system
• B) linked exchange-rate system
• C) free float system
• D) fixed exchange-rate system

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Definitions:

Jean Piaget

A Swiss psychologist known for his pioneering work in child development, particularly his theory of cognitive development.

Reflex

An involuntary response, one that is not under personal control or choice.

Newborn

Refers to a baby from birth to about 2 months of age, characterized by rapid physical growth and developmental changes.

Spontaneous Abortion

A medical term often used to describe a miscarriage, which is the natural loss of a fetus before it is viable outside the womb.