A "Dirty Float" Occurs When a Nation Used Central Bank

question 117

True/False

A "dirty float" occurs when a nation used central bank intervention in the foreign exchange market to promote a depreciation of its currency's exchange value,thus gaining a competitive advantage compared to its trading partners.

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Definitions:

Alzheimer's Disease

A progressive neurodegenerative disorder characterized by dementia, memory loss, and cognitive decline.

Neural Basis

The underlying neural structures and mechanisms that support a function, behavior, or cognitive process.

Flashbulb Memory

Highly detailed and vivid memory of a moment and the circumstances surrounding a significant or shocking event.

Procedural Memory

Procedural memory is a type of long-term memory involved in the acquisition of skills and procedures that are performed automatically or unconsciously.