Nations that attempt to keep their currency's exchange value within a fixed range around the value of some other currency or basket of currencies are known as floaters.

Question

Quizplus · Accepted Answer

Nations that attempt to keep their currency's exchange value within a fixed range around the value of some other currency or basket of currencies are engaging in a fixed exchange rate system, not floating. Floaters allow their currency's value to fluctuate according to the foreign exchange market.

Nations That Attempt to Keep Their Currency's Exchange Value Within