Managed floating is a system in which

the rate is fixed by law and never changesCorrect answerYour answerthe market sets the rate, with central bank interventionCorrect answerYour answerthe rate is set by the IMFCorrect answerYour answerthere is no market for foreign exchangeCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer B

Correct answer: B

It mixes a floating rate with intervention, sometimes called a 'dirty float'.

Concept: Managed floating
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsManaged floating

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Managed floating is a system in which

Explanation