The reason for calling the current exchange rate system a "managed float" is
A) it is managed by the IMF
B) it is basically a misnomer because it is impossible to "manage" exchange rates
C) it recognizes that there will be some intervention by central banks
D) only the forces of supply and demand determine the exchange rates
E) Congress passed a law declaring that the exchange rate system be legally termed "managed float"
Correct Answer:
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Q196: Under the Bretton Woods agreement,
A)nations could not
Q197: The Bretton Woods system
A)fixed exchange rates in
Q198: In the early 1970s, in an attempt
Q199: The Bretton Woods agreement established the gold
Q200: Under a gold standard,
A)a nation's currency can
Q202: What replaced the Bretton Woods system?
A)the gold
Q203: The current system of international finance is
Q204: The current account records
A)last year's flows of
Q205: One signal that the U.S.dollar was overvalued
Q206: A country's balance of payments summarizes all
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