Question

'manage the floating eschange rate is decided by market forces but remains within a specific range as decided by central bank. true or false?​

Answer 1

Answer:

True. Managed Floating Exchange Rate is decided by market forces but remains within a specific range as decided by central bank’. Managed floating is a system in which exchange rate is determined by the forces of supply and demand in the international money markets but central bank intervenes to manage the exchange rate so that it does not slip out of the situation it is also known as floating exchange rate.

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