Critics of the managed floating exchange rate system argue that it
A)is dominated by G-8 nations.
B)is a "nonsystem" with unclear rules.
C)increased the growth in world trade at too fast a rate.
D)puts too much reliance on the adjustable-peg mechanism for stabilizing exchange rates.

Question

Quizplus · Accepted Answer

Critics argue that the managed floating exchange rate system lacks clear rules and structure, leading to it being described as a "nonsystem."

Critics of the Managed Floating Exchange Rate System Argue That