Multiple Choice
The present floating exchange rate system is not a totally free float because
A) free floating exists in theory only.
B) some governments refuse to manage their free float.
C) some central banks from time to time intervene in the market to buy or sell large amounts of currency to affect the supply and demand of a particular currency.
D) Free floating isn't free, given the exchange rate of 0.05 to 0.15.
Correct Answer:
Verified
Correct Answer:
Verified
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