Which system would be accompanied by occasional currency interventions by central banks to stabilize or alter rates to avoid persistent balance of payments deﬁcits or surpluses?
A) the gold standard
B) ﬁxed exchange rates
C) ﬂexible exchange rates
D) managed ﬂoating exchange rates

Question

Quizplus · Accepted Answer

Managed floating exchange rates involve occasional interventions by central banks to stabilize or alter rates in order to avoid persistent balance of payments deficits or surpluses.

Which System Would Be Accompanied by Occasional Currency Interventions by Central