Economics · Exchange Rate Regimes
Consider the following statements regarding the Managed Float (Dirty Float) exchange rate system: Statement I: It is a system where the exchange rate is primarily market-determined but the central bank intervenes occasionally to prevent excessive volatility. Statement II: India follows a managed float system to manage the value of its currency. Which of the above statements is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither Statement I nor Statement II
- 2Both Statement I and Statement II✓
- 3Statement II only
- 4Statement I only
Correct answer
Both Statement I and Statement II
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