Question

Under managed floating exchange rate system official reserve transactions are equal to zero. identify whether this statement is true or false. Give reason​

Answer 1

Answer:

corewat to decimal 4 because it cane be harmmwd my me

Answer 2

Answer:

False

Explanation:

Under this system, also called dirty floating, central banks intervene to buy and sell foreign currency in an attempt to moderate exchange rate movements whenever they feel that such action are appropriate. Official reserve transaction are, therefore, not equal to zero.