The floating exchange rate system is victim to maximum governmental intervention.

Name: The floating exchange rate system is victim to maximum governmental intervention.
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

In a floating exchange rate system, the value of a currency is determined by the market forces of supply and demand, with minimal governmental intervention compared to fixed or pegged exchange rate systems where the government actively tries to maintain the currency value at a certain level.

The Floating Exchange Rate System Is Victim to Maximum Governmental