When a country tries to hold the value of its currency within some range against an important reference currency such as the U.S. dollar without adopting a formal pegged rate, it is referred to as a
A) gold standard.
B) pegged float.
C) dirty float.
D) currency peg.

Question

Quizplus · Accepted Answer

Countries, while not adopting a formal pegged rate, try to hold the value of their currency within some range against an important reference currency such as the U.S. dollar, or a "basket" of currencies. This is often referred to as a dirty float.

When a Country Tries to Hold the Value of Its