A 'Floating Exchange Rate System' Is One in Which

question 115

Multiple Choice

A 'floating exchange rate system' is one in which:

• A)the central bank intervenes in the currency exchange market to influence, but not fix, the exchange rate.
• B)trading firms establish the exchange rates for individual transactions in the foreign exchange market.
• C)the central bank allows private banks to manage their exchange rates.
• D)the central bank intervenes in the currency exchange market to fix the exchange rate.

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