When the value of a currency is determined ________, the exchange rate system is defined as 'managed float'.
A)only by supply and demand
B)by the country's government
C)mostly by supply and demand, but with occasional government intervention
D)by the country's government, with occasional readjustments in value

Question

Quizplus · Accepted Answer

The managed float exchange rate system is determined mostly by supply and demand, but with occasional government intervention. The government may intervene in the market to influence the exchange rate, but generally, the exchange rate is allowed to fluctuate based on market forces.

When the Value of a Currency Is Determined ________, the Exchange