_____ Refers to a System Under Which a Country's Currency

question 60

Multiple Choice

_____ refers to a system under which a country's currency is nominally allowed to float freely against other currencies,but in which the government will intervene,buying and selling currency,if it believes that the currency has deviated too far from its fair value.

• A) Fixed float
• B) Clean float
• C) Pegged float
• D) Dirty float
• E) Capital float

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Definitions:

Register

is to officially record or enroll something or someone's details in a formal list or database.

Partnership

A legally approved business partnership where several individuals jointly oversee the operation and divide the profits among themselves.

Sued

The act of bringing a legal action against an individual or entity to seek remedy or damages due to alleged wrongdoing or breach of contract.

Undisclosed Principal

A situation in which the identity of the principal is hidden from the third party by the agent at the time of entering into a contract or transaction.