The Frequency of Government Interventions in the Foreign Exchange Markets

question 64

Multiple Choice

The frequency of government interventions in the foreign exchange markets explains why the current system is often referred to as a managed-float system or a(n) ______________.

• A) functional float system
• B) statutory float system
• C) dirty float system
• D) unwieldy float system
• E) controlled float system

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Definitions:

Accumulated Depreciation

The total amount of a tangible asset's cost that has been expensed since the asset was put into use.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) for global use.

Revaluation Model

An accounting method for periodically adjusting an asset's value on the balance sheet to reflect its current market value.

Fair Values

The estimated market value of an asset or liability based on current transactions between willing parties.