which of the following is the reason the current foreign exchange system is sometimes thought of as a managed-float system? countries use a reference currency to estimate the value of their currencies. the exchange rates of a currency are determined by market forces. major currencies are allowed to freely float against each other. governments intervene frequently in the foreign exchange market.

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16-11-2022
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which of the following is the reason the current foreign exchange system is sometimes thought of as a managed-float system? countries use a reference currency to estimate the value of their currencies. the exchange rates of a currency are determined by market forces. major currencies are allowed to freely float against each other. governments intervene frequently in the foreign exchange market.

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Governments intervene frequently in the foreign exchange market is the reason the current foreign exchange system is sometimes thought of as a managed-float system. Hence, option D is correct.

What is foreign exchange market?

The foreign exchange market, often known as the FX market or fx market, is a facility for exchanging one currency for another. Since trading between several currencies, such the euro and the dollar, shows each market as a separate market, foreign exchange markets are actually made up of many separate markets.

The spot market, forward market, and futures market are the three primary foreign exchange markets. Spot Forex Market: In the spot forex market, currencies are exchanged right away at the going rate.

Thus, option D is correct.

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