What is the difference between official and floating foreign exchange rates? Does the United States have floating

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What is the difference between official and floating foreign exchange rates? Does the United States have floating exchange rates?

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Advanced Accounting

ISBN: 9780132568968

11th Edition

Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith

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Question Posted: Oct 18, 2011 07:01 AM

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What is the difference between official and floating foreign exchange rates? Does the United States have floating

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Official or fixed rates are set by a government and do not change as a result of changes in wo...View the full answer

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