Examlex
What are "key metaphors"?
Managed Float
A currency exchange rate policy where a currency's value is allowed to fluctuate in response to foreign exchange market mechanisms, but the central bank may intervene to stabilize the currency if necessary.
Managed Floating
An exchange rate system where a country's currency value is allowed to fluctuate in response to foreign-exchange market mechanisms, but the central bank can intervene to prevent extreme fluctuations.
Bretton Woods System
A monetary management system established post-World War II, which set up rules for commercial and financial relations among major industrial states.
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