A Dirty Float Is

question 24

Multiple Choice

A dirty float is

• A) when the value of a currency is pegged relative to the value of one other currency.
• B) when the value of a currency is allowed to fluctuate against all other currencies.
• C) when countries intervene in foreign exchange markets in an attempt to influence their exchange rates by buying and selling foreign assets.
• D) when the value of a currency is pegged relative to an anchor currency.

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Definitions:

Repetitive Routines

Behaviors or tasks that are performed in a consistent, unvarying manner, often as part of a daily or regular schedule.

Specific Phobia

An intense, irrational fear of a specific object, situation, or activity that is strongly avoided.

Extreme

Something that is far beyond the norm or average in magnitude, intensity, or degree.

Irrational Fear

A disproportionate and intense fear of an object, situation, or activity that poses little to no actual danger.