In the years immediately preceding 1998 the Russian Ruble operated under a ________ type of exchange rate regime.
A) fixed
B) free floating (market determined)
C) managed floating
D) pegged (to the U.S. dollar)

Question

Quizplus · Accepted Answer

The Russian Ruble operated under a managed floating exchange rate regime in the years immediately preceding 1998. This means that the central bank intervened in the foreign exchange market to influence the value of the ruble, but did not fix it at a specific rate.

In the Years Immediately Preceding 1998 the Russian Ruble Operated