The ________ in the United States is best described as a managed float exchange rate system.

Question

Quizplus · Accepted Answer

The United States currently uses a managed float exchange rate system. This means that the value of the U.S. dollar is allowed to fluctuate on the foreign exchange market, but the government intervenes occasionally to influence the exchange rate. This system was adopted in the 1970s, after the collapse of the Bretton Woods system that had been set up at the end of World War II. Therefore, options A, C, and D are incorrect.

The ________ in the United States Is Best Described as a Managed