Because central banks intervene in currency markets, the term ____ has been used to describe the system.

Question

Quizplus · Accepted Answer

The term "dirty float" is used to describe a currency exchange rate system where a central bank intervenes in the foreign exchange market to maintain the value of its currency within certain limits. This can involve buying or selling its own currency in order to influence its value relative to other currencies.

Because Central Banks Intervene in Currency Markets, the Term ____