Economics · Foreign Exchange Rate
Under a managed floating exchange rate system, exchange rates are determined by:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The government exclusively through official decrees
- 2International monetary bodies fixing it permanently
- 3Market forces, along with intervention by the central bank when necessary✓
- 4Market forces alone without any external intervention
Correct answer
Market forces, along with intervention by the central bank when necessary
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