When countries aim to keep the value of their currency within a range against another currency, their exchange rate system is referred to as:
A)variable.
B)managed float.
C)floating.
D)a pegged float.

Question

Quizplus · Accepted Answer

A managed float system involves countries intervening in the foreign exchange market to stabilize or maintain their currency's value within a certain range against another currency.

When Countries Aim to Keep the Value of Their Currency