The relationship between European currencies and the US$ after 1973 can best be described as:

Question

Quizplus · Accepted Answer

Since 1973, European currencies and the US$ have been managed through a system of managed float, which involves market forces influencing exchange rates with occasional interventions by central banks to manage fluctuations. This is not a free float, which involves no government intervention, nor a fixed exchange rate or a currency board, which involve more direct government intervention in the exchange rate.

The Relationship Between European Currencies and the US$ After 1973