Which of the Following Statements Is True About the Various

question 101

Multiple Choice

Which of the following statements is true about the various exchange rate systems?

• A)In a fixed exchange rate system,the value of a currency is adjusted according to the day to day market forces.
• B)In a clean float,the central bank of a country will intervene in the foreign exchange market to try to maintain the value of its currency.
• C)After the collapse of the Bretton Woods system of floating exchange rates in 1973,the world has operated with a fixed exchange rate system.
• D)Under the Bretton Woods system,currency devaluations over 10 percent were allowed only with the approval of the IMF.
• E)In dirty float,the exchange rate between a currency and other currencies is relatively fixed against a reference currency exchange rate.

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