The country's exchange rate system is a(n)_________ system when a country's exchange rate is allowed to vary within a particular target zone against the currencies of other countries.
A)floating rate
B)adjustable peg
C)pegged rate
D)managed floating rate

Question

Quizplus · Accepted Answer

A managed floating rate system allows a country's exchange rate to fluctuate within a target zone, which means the exchange rate can vary but is somewhat controlled or managed by the country's monetary authorities to stay within a certain range against other currencies.

The Country's Exchange Rate System Is A(n)_________ System When a Country's