Multiple Choice
The present floating exchange rate system is not a totally free float because:
A) there is an exchange fee of 1.5 to 1.75 percent.
B) some governments refuse to allow foreign traders to trade their currency.
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) A and B.
Correct Answer:
Verified
Correct Answer:
Verified
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