A _____ refers to a system under which some currencies are allowed to float freely,but the majority are either managed by government intervention or pegged to another currency.
A) managed-float system
B) pegged exchange rate system
C) fixed exchange rate system
D) floating exchange rate system
E) gold standard system

Question

Quizplus · Accepted Answer

A managed-float system refers to a system in which some currencies are allowed to float freely, but the majority are managed by government intervention or pegged to another currency. This system allows for some flexibility in exchange rates while still allowing governments to intervene as necessary to maintain stability.

A _____ Refers to a System Under Which Some Currencies