Many States Will Bridge the Gap Between Floating and Fixed

question 47

Multiple Choice

Many states will bridge the gap between floating and fixed exchange rates by periodically intervening in the currency markets,usually to promote stability.This type of intervention is called a(n) __________ system.

• A)interventionist
• B)periodic float
• C)primary float
• D)managed float

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Definitions:

Income

Proceeds that come in, particularly at consistent intervals, from occupational or investment sources.

Utility Function

A mathematical representation that captures the preference ranking of various bundles of goods by an individual, translating these preferences into a level of utility or satisfaction.

Income

Refers to the money received, typically on a regular basis, for work or through investments.

Price

The amount of money required to purchase a good or service.