| 单词 | floating debt |
| 释义 | floating debt floating debt1. The part of the national debt that consists primarily of short-term Treasury bills. Comparefunded debt. See alsofunding operations. floating exchange rate A rate of exchange between one currency and others that is permitted to float according to market forces. Most major currencies and countries now have floating exchange rates but governments and central banks intervene, buying or selling currencies when rates become too high or too low. Comparefixed exchange rate. |
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