The reason the current exchange rate system is called a "managed float" is that:
A) it is managed by the IMF.
B) it is basically a misnomer.
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:
Verified
Q18: The balance of payments always balances, because
Q103: The Bretton Woods system collapsed because:
A)the world
Q104: The government of a country is not
Q105: Critics of the system of flexible exchange
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Q107: Under the Bretton Woods agreement,_.
A)nations could not
Q109: The Bretton Woods system collapsed because:
A)the countries
Q110: The Bretton Woods system:
A)pegged exchange rates in
Q112: The International Monetary Fund was founded in
Q190: The Bretton Woods system
A)established a worldwide gold
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