Managed Float Means

question 109

Multiple Choice

Managed float means:

• A)a fixed exchange rate system with regularly scheduled periodic devaluations.
• B)a freely floating exchange rate system.
• C)a combination of freely floating exchange rates with occasional intervention by central banks.
• D)a fixed exchange rate system managed by the European Community.
• E)a flexible exchange rate system managed entirely by the IMF.

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Definitions:

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