International Business: The Challenges of Globalization (8th Edition)
International Business: The Challenges of Globalization (8th Edition)
8th Edition
ISBN: 9780133866247
Author: John J. Wild, Kenneth L. Wild
Publisher: PEARSON
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Chapter 10.4, Problem 2QS4
Summary Introduction

To Determine:

The name of an arrangement whereby a nation lets its currency floats within a margin around the value of another stable currency.

Introduction:

As a part managed float system, the international monetary system remains the large part of it. Government interventions are limited to organize the exchange rates where most nations currency float against one another. Countries with larger monetary system try to stabilize their currency by tying their currency with other in certain ways.

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