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A country wants to hold its currency against the U.S. dollar without a formal pegged rate. The central bank of the country will intervene in
A country wants to hold its currency against the U.S. dollar without a formal pegged rate. The central bank of the country will intervene in the foreign exchange market to maintain the value of its currency should it depreciate too rapidly against the dollar. This practice is known as Multiple Choice an unpegged rate. a managed float. a monetary run. a currency flip
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