Governments adopting the floating exchange rate policy tend to set the exchange rate of a currency relative to other currencies.

Name: Governments adopting the floating exchange rate policy tend to set the exchange rate of a currency relative to other currencies.
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In a floating exchange rate policy, the value of a currency is determined by the foreign exchange market through supply and demand relative to other currencies, rather than being set by the government.

Governments Adopting the Floating Exchange Rate Policy Tend to Set