The current exchange rate system is effectively a dirty float system.

Name: The current exchange rate system is effectively a dirty float system.
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Quizplus · Accepted Answer

This is because while some countries may have a fixed exchange rate system, many have allowed their currencies to float freely with some intervention from their central banks. Hence, the exchange rates are not purely determined by market forces and are subject to some level of manipulation. This is what is referred to as a "dirty float" system.

The Current Exchange Rate System Is Effectively a Dirty Float