Question : A currency whose exchange rate is influenced by the government is a/an
Option 1: unmanaged currency
Option 2: managed currency
Option 3: scarce currency
Option 4: surplus currency
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Correct Answer: managed currency
Solution : The correct answer is managed currency .
A managed currency is one in which the government or central bank of a country intervenes and modifies its market value or purchasing power. By issuing new money, controlling interest rates, and overseeing foreign exchange reserves, central banks control the value of the currency.
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