A "dirty" float represents a system of:

Question

Quizplus · Accepted Answer

A "dirty" float, also known as a managed float, is a system of floating exchange rates where the central bank can intervene in the currency markets to manipulate the exchange rate. This is different from a freely floating exchange rate system where there is no intervention by the central bank. Fixed exchange rates represent a completely different system altogether, where currencies are fixed to a specific value relative to each other, and the central bank manipulates the currency to maintain that fixed exchange rate.

A "Dirty" Float Represents a System Of