Australia currently uses which of the following exchange rate systems?
A)a fixed exchange rate system
B)the Bretton Woods System
C)a managed float system
D)a gold standard system

Question

Quizplus · Accepted Answer

Australia currently uses a managed float system, which means that the value of the Australian dollar is determined by supply and demand in the foreign exchange market, but the central bank intervenes occasionally to stabilize the exchange rate. This system allows for flexibility in responding to external economic shocks while also maintaining some stability in the exchange rate.

Australia Currently Uses Which of the Following Exchange Rate Systems