Username: PrettyWoman Rating: Asked to: Apinya Kamon Date Created: 19 Oct 2018 |
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Category | 28 |
Tag | Financial |
Question | What is a 'Managed Currency'? |
Hello PrettyWoman, A managed currency is one whose price and exchange rate are influenced by some intervention from a central bank. Currency is a generally accepted form of money, including coins and paper notes, which is issued by a government and circulated within an economy. A central bank or monetary authority is a managed and often nationalized institution given free control over the production and distribution of the money and credit for a country. |
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