A currency exchange rate system under which the currency is determined by demand and supply, and occasional government intervention is a:
A)floating currency system.
B)fixed currency system.
C)managed float exchange rate system.
D)gold standard system.

Question

Quizplus · Accepted Answer

A managed float exchange rate system is one where the currency value is primarily determined by market forces of demand and supply, but the government occasionally intervenes to stabilize or influence the currency value.

A Currency Exchange Rate System Under Which the Currency Is