For a Floating Exchange Rate,if a Central Bank Does Not

question 86

Multiple Choice

For a floating exchange rate,if a central bank does not intervene to influence the currency this is called a :

• A) partial float.
• B) clean float.
• C) dirty float.
• D) hard float.

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Definitions:

Face Value

The nominal or dollar value printed on a financial instrument, such as a bond or stock certificate, representing its legal worth.

Interest Receivable

An asset account that represents the amount of interest income that has been earned but not yet received in cash.

Interest Receivable

An accounting term for interest income that has been earned but not yet received in cash.

Debt Investments

Investments made in bonds or other debt instruments, where the investor lends money in exchange for interest payments.