Question Details

	Username: Maria Rating: Asked to: Chaoxiang Lee Date Created: 11 Oct 2016
Category	46
Tag	Financial
Question	Please give the definition of 'Managed Currency'.

Advice from Guru

Hello Maria,

Any currency that can have its exchange rate affected by the intervention of a central bank. This is opposed to a currency that is determined solely by the forces of supply and demand in the world market. Virtually no currencies truly fall into this latter category.

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