3. Exchange rate systems 1. 2. STEP: 1 of 2 Using the following table, determine which exchange rate system each description best represents. Exchange Rate System Dirty Freely Float Pegged Floating Description A system in which the home currency is synchronized with the value of a particular foreign currency O A system in which exchange rates are determined by market forces rather than government intervention O o O A system in which exchange rates are determined by market forces as well as government intervention