Which of the following refers to a system under which a country’s curr

QUESTION

Which of the following refers to a system under which a country’s currency is nominally allowed to float freely against other currencies, but in which the government will intervene, buying and selling currency,

if it believes that the currency has deviated too far from its fair value?

A. Fixed float

B. Clean float

C. Pegged float

D. Dirty float

E. Capital float

ANSWER

D