The current system of exchange rates can best be described as:
A)freely fluctuating exchange rates.
B)managed floating exchange rates.
C)rigidly fixed exchange rates.
D)a crawling peg system.

Question

Quizplus · Accepted Answer

The current system of exchange rates is a managed floating exchange rate system. This means that exchange rates are not rigidly fixed, but rather allowed to fluctuate within a certain range while central banks will intervene to manage the fluctuations as necessary.

The Current System of Exchange Rates Can Best Be Described