Today's international monetary system remains in large part a managed float system.

Question

Quizplus · Accepted Answer

The current international monetary system is a managed float system, which means that exchange rates are primarily determined by market forces but are still subject to government intervention and management. Though there have been discussions about transitioning to other systems, such as a fixed exchange rate, no major changes have been implemented as of yet.

Today's International Monetary System Remains in Large Part a Managed