When one country manipulates exchange rate against the interest of other country, is known as
A)managed floating
B)dirty floating
C)wide band
D)crawling peg

Question

Quizplus · Accepted Answer

Dirty floating is a situation where a country's central bank intervenes in the foreign exchange market to manipulate the exchange rates to gain an unfair competitive advantage over other countries.

When One Country Manipulates Exchange Rate Against the Interest of Other