When a country occasionally buys or sells currencies to influence the exchange rate, but usually lets market forces determine the exchange rate, it has a:

Question

Quizplus · Accepted Answer

A partially-flexible exchange rate system allows a country to intervene in the currency market to buy or sell currencies to influence the exchange rate, but generally lets market forces set the rate. This is unlike a purely flexible exchange rate, where the market determines the rate without government intervention, or a fixed exchange rate, where the government sets and maintains the rate.

When a Country Occasionally Buys or Sells Currencies to Influence