Question

Does imf determine the exchange rate of currency

Answer 1

Explanation:

A managed floating exchange rate means that each currency's value is affected by the economic actions of its government or central bank. ... The International Monetary Fund (IMF) was responsible for stabilizing the currency exchange rates until the 1970s, when the U.S. ended its use of fixed exchange rates.

Answer 2

Answer:

Explanation:

A managed floating exchange rate means that each currency's value is affected by the economic actions of its government or central bank. ... The International Monetary Fund (IMF) was responsible for stabilizing the currency exchange rates until the 1970s, when the U.S. ended its use of fixed exchange rates.

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