A mixture of a flexible exchange rate system (the float part) and a fixed rate system (the managed part) is called:
A mixture of a flexible exchange rate system (the float part) and a fixed rate system (the managed part) is called:
Solution
✅ Correct Option: 3
A managed floating system, also called dirty floating, lets the exchange rate be largely market-determined while the central bank intervenes to moderate movements, combining features of flexible and fixed systems.
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