A Dirty Float Is Called So Because the Central Bank

question 112

True/False

A dirty float is called so because the central bank of a country will intervene in the foreign exchange market to try to maintain the value of its currency if it depreciates too rapidly against an important reference currency.

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Definitions:

Diagnosis

The process of identifying and determining the nature of a disease or issue through evaluation of symptoms and tests.

Needs Analysis

The process of identifying and evaluating the requirements or gaps that exist within an organization or system.

Organizational Culture

The set of beliefs, values, norms, and practices shared by members of an organization, shaping its social and psychological environment.

Formal Reward Systems

Structured mechanisms within organizations designed to recognize and reward employees’ performance and contributions.