Examlex
If a country tries to maintain a managed floating exchange rate system it must be
Demand Instrument
A financial instrument that is payable immediately upon demand, such as a check or certain promissory notes.
Definition
A precise statement or description of the nature, scope, or meaning of something.
Check
A draft drawn by a drawer ordering the drawee bank or financial institution to pay a certain amount of money to the holder on demand.
Negotiable
Capable of being transferred or exchanged through endorsement or delivery, usually in the context of financial instruments.
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