Question at position 24 A system in which currencies float against one another, with governments intervening to stabilize their currencies at particular target exchange rates is called a __.managed float systemlinked exchange-rate systemfree float systemfixed exchange-rate system单项选择题
A
managed float system
B
linked exchange-rate system
C
free float system
D
fixed exchange-rate system

Question

Question at position 24 A system in which currencies float against one another, with governments intervening to stabilize their currencies at particular target exchange rates is called a __.managed float systemlinked exchange-rate systemfree float systemfixed exchange-rate system单项选择题

A

managed float system

B

linked exchange-rate system

C

free float system

D

fixed exchange-rate system

BlackTom AI · Accepted Answer

To approach this question, we first recall the terminology used in exchange-rate regimes and how governments intervene in currency markets.
Option 1: 'managed float system' — This describes a regime where currencies are allowed to float freely, but governments or central banks intervene periodically to influence the exchange rate, aiming to stabilize it around a target level. This matches the description given in the question exactly, where authorities intervene to stabilize currencies at particular target rates.
Option 2: 'linked exchange-rate system' — This would imply that currencies are tied or pegged to each other in a fixed ratio, effectively removing independent movement between them. The statement in the question does not describe a strict linkage or peg between currencies, but rather discretionary stabilization, so this option is incorrect.
Option 3: 'free float system' — In a free float (or clean float) system, currencies are driven by market forces with no deliberate governmental targeting of a specific exchange-rate level. Since the question emphasizes intervention to stabilize at target rates, this option does not fit.
Option 4: 'fixed exchange-rate system' — In a fixed system, a country commits to maintaining its currency at a set value relative to another currency or basket, with very substantial, ongoing government action to maintain the peg. The description here involves stabilization around targets but not a strict fixed peg, so the fixed-rate system is not the best match.
Thus, after evaluating all options, the analysis points toward the managed float system as the correct characterization of a regime where currencies float but governments intervene to stabilize them at targets.

Question at position 24 A system in which currencies float against one another, with governments intervening to stabilize their currencies at particular target exchange rates is called a __.managed float systemlinked exchange-rate systemfree float systemfixed exchange-rate system单项选择题

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Question at position 24 A system in which currencies float against one another, with governments intervening to stabilize their currencies at particular target exchange rates is called a __.managed float systemlinked exchange-rate systemfree float systemfixed exchange-rate system单项选择题

类似问题

Question17 An exchange rate regime where the domestic currency relative to a foreign currency is held within a defined band is termed as ______________. a pegged exchange rate a free float a managed float a fixed exchange rate a brokered exchange rate ResetMaximum marks: 1 Flag question undefined

Question5 An exchange rate regime where the domestic currency relative to a foreign currency is held within a defined band is termed as ______________. a managed float a free float a pegged exchange rate a brokered exchange rate a fixed exchange rate ResetMaximum marks: 1 Flag question undefined

Question4 An exchange rate regime where the domestic currency relative to a foreign currency is held within a defined band is termed as ______________. a free float a managed float a fixed exchange rate a brokered exchange rate a pegged exchange rate ResetMaximum marks: 1 Flag question undefined

A managed float exchange rate regime is best described as one in which:

How would you define a currency board?

The intersection of GG and LL for Norway determines

Why does the LL schedule have a negative slope? The economic stability loss from pegging to the area's currencies _______ as the degree of economic interdependence _______.

Among the statements below pick the one which best describes current policy of different countries central banks with respect to exchange rate regimes. Select one – the most appropriate answer.

更多留学生实用工具

希望你的学习变得更简单

Why does the LL schedule have a negative slope? The economic stability loss from pegging to the area's currencies _ as the degree of economic interdependence _.