Would the central bank need to intervene in a managed floating system? Explain why.
Answers
Answered by
3
Explanation:
A managed-floating currency when the central bank may choose to intervene in the foreign exchange markets to affect the value of a currency to meet specific macroeconomic objectives. ... Overall, one key aim of managed floating currencies is to reduce the volatility of exchange rates.
Answered by
1
Explanation:
the SMC curve cut the AVC curve at the minimum point of the AVC curve
Similar questions