When a country tries to hold the value of their currency within some range against an important reference currency such as the U.S. dollar without adopting a formal pegged rate, it is referred to as a _____.

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Countries, while not adopting a formal pegged rate, try to hold the value of their currency within some range against an important reference currency such as the U.S. dollar, or a "basket" of currencies. This is often referred to as a dirty float.

When a Country Tries to Hold the Value of Their