Economics · Floating of a Currency
Under what condition is a currency said to be floating?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1When its exchange value in terms of other currencies is not fixed officially✓
- 2When its exchange rate is fixed permanently by a group of central banks
- 3When it is officially banned from being traded in international markets
- 4When its value is strictly pegged to the price of gold or silver
Correct answer
When its exchange value in terms of other currencies is not fixed officially
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