A floating (flexible) exchange rate is一种可浮动的（灵活的）汇率制度。

Question

BlackTom AI · Accepted Answer

A floating exchange rate is a currency value determined by market forces—primarily supply and demand—rather than by government decree.

1) Relevant concepts:
- Exchange rate regimes: floating (flexible) vs fixed (pegged).  
- Market determination: in a floating system, currency buyers and sellers (exporters, importers, investors, speculators) set the price through transactions.  
- Government/central bank intervention: minimal or none in a pure float; authorities may occasionally intervene (a “dirty float”), but the defining idea is no pre-set official rate.

2) Step-by-step reasoning:
- The statement to evaluate defines a floating exchange rate. We match that definition to each choice.  
- Choice b states the exchange rate “changes according to supply and demand, without government intervention in the currency market.” That matches the textbook definition of a floating (flexible) exchange rate directly: market forces set the price and it fluctuates freely.  
- Choices a and c both describe interest rates set by a central bank; these concern monetary policy tools, not exchange-rate regimes. They therefore do not define an exchange-rate system.  
- Choice d describes an exchange rate “fixed at a particular rate through government intervention,” which is the opposite of a floating system (this describes a fixed or pegged regime).

3) Intermediate logical steps:
- Identify key phrase “changes according to supply and demand” → implies market-driven determination.  
- Identify key phrase “without government intervention” → excludes fixed/pegged regimes.  
- Combine both: exactly the characteristics of a floating exchange rate.

4) Why the correct answer is correct:
- Because a floating exchange rate, by definition, is determined by currency market transactions (supply and demand) and is not set to a fixed parity by government action.

5) Why other options are incorrect:
- a and c: describe central-bank-set interest rates (not exchange rates).  
- d: describes a fixed exchange rate, the opposite regime.

Conclusion: therefore the correct choice is b — a currency exchange rate that changes according to supply and demand, without government intervention — which matches the provided answer.

A floating (flexible) exchange rate is一种可浮动的（灵活的）汇率制度。单项选择题

类似问题

A floating (flexible) exchange rate is

A floating exchange rate is

Some countries rely on the foreign exchange market to determine the relative value of its currency. This is called a __________ exchange rate system.

Which of the following trees corresponds to a potential parse of the ambiguous sentence below, with correct syntactic categories? Some diagnostics are provided.

Which of the following sentences contain two non-finite verbs? Select all that apply.

Analyze the following sentence: The sentence contains [ Select ] 8 6 5 7 3 4 functional words, [ Select ] 2 3 1 4 5 count nouns, [ Select ] 4 5 2 1 3 mass nouns, and [ Select ] 1 5 2 3 4 adjectives.

更多留学生实用工具

智能学习助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单