Managed floating exchange rates attempt to combine market-determined exchange rates with central bank intervention.

Name: Managed floating exchange rates attempt to combine market-determined exchange rates with central bank intervention.
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Question

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Managed floating exchange rates allow for the exchange rate to be determined by market forces, but with the central bank intervening as necessary to stabilize the currency's value or to achieve economic objectives.

Managed Floating Exchange Rates Attempt to Combine Market-Determined Exchange Rates