| 单词 | exchange-rate regimes |
| 释义 | exchange-rate regimes The rate of exchange between currencies can be managed in a variety of ways: Single currency peg - one country's currency is linked to that of another country, with little opportunity for adjustment. Composite currency peg - one country's currency is linked to a basket of currencies of its major trading partners. Often a weighted average is used. Managed float - this is effectively a single currency peg with more frequent adjustments to the rate permitted. Independent float - rates of exchange are determined only by market forces. |
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