A system whereby exchange rates are market determined without boundaries but subject to government intervention is called
A)a dirty float.
B)a free float.
C)the gold standard.
D)the Bretton Woods era.

Question

Quizplus · Accepted Answer

A dirty float, also known as a managed float, is a system where exchange rates are determined by the market forces of supply and demand, but the government or central bank may intervene to stabilize the currency's value or to achieve economic objectives.

A System Whereby Exchange Rates Are Market Determined Without Boundaries