A managed float currency arrangement is when
A. gold is used to stabilize the currency values, hence, managed.
B. a group of nations decide to manage their currencies jointly and publicly.
C. the currency uses the currencies of trading partners as ballast.
D. the government intervenes on the currency market without making its goals and targets public.
Answer: D
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a. II, IV, I, III b. III, II, I, IV c. III, II, IV, I d. II, I, III, IV
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What will be an ideal response?
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