The Reason the Current Exchange Rate System Is Called a "Managed

question 33

Multiple Choice

The reason the current exchange rate system is called a "managed float" is that:

• A)it is managed by the IMF.
• B)it is basically a misnomer.
• C)it recognizes that there will be some intervention by central banks.
• D)only the forces of supply and demand determine the exchange rates.
• E)Congress passed a law declaring that the exchange rate system be legally termed "managed float."

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Definitions:

RUPA

stands for the Revised Uniform Partnership Act, which governs the operation of partnerships in the United States.

Winding Up

In partnership and corporation law, the orderly liquidation of the business’s assets.

Nonwrongful Dissociation

The act of separating oneself from a partnership, company, or other legal entity without breaching the terms of the agreement or engaging in improper conduct.

Past Debts

Obligations or amounts of money owed that were incurred in the past.