A country keeps its foreign exchange rate against the United States dollar within a narrow, though adjustable, band. What type of exchange rate is this?
- Afixed
- Bfloating
- Cmanaged float
- Dtrade-weighted
Economics 9708 · AS & A Level · 6.4
A country keeps its foreign exchange rate against the United States dollar within a narrow, though adjustable, band. What type of exchange rate is this?