Today's international monetary system is considered a ________.

Question

Quizplus · Accepted Answer

Today's international monetary system is a managed float system, in which exchange rates are allowed to fluctuate based on market forces but are also sometimes intentionally influenced by central banks or governments through monetary policy. This system differs from a fixed system in which exchange rates are rigidly set, and from a floating system in which exchange rates are determined entirely by market forces without any intervention. A mixed system would indicate a combination of fixed and floating elements, which does not accurately describe the current international monetary system.

Today's International Monetary System Is Considered a ________