Which of the following refers to a system under which a country's currency is nominally allowed to float freely against other currencies, but in which the government will intervene, buying and selling currency,
if it believes that the currency has deviated too far from its fair value?
A. Fixed float
B. Clean float
C. Pegged float
D. Dirty float
E. Capital float
D
Business
You might also like to view...
What is the average inventory level, based on EOQ, for a firm that has annual sales of 2,500 units, costs per order of $45, and carrying costs of $5 per unit?
A) 75 B) 237 C) 106 D) 35
Business
If an instrument is payable to multiple persons using the word "and," then the instrument ________
A) cannot be negotiated any further B) cannot be negotiated by either party individually C) can only be further negotiated jointly D) can only be further negotiated with the signature of the drawer
Business