Question : It is a system in which value of countries currency is allowed to change in relation to others, but is controlled by central bank to keep it within a particular range.
Option 1: Hedging
Option 2: Speculation
Option 3: Dirty floating
Option 4: None of the above.
Answer (1)
24th Jan, 2024
Correct Answer:
Dirty floating
Solution :
Dirty floating is a system in which value of countries currency is allowed to change in relation to others, but is controlled by central bank to keep it within a particular range.
Hence Option C is correct.
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