Not wanting to commit to fixed exchange rates, some govts occasionally use foreign currency intervention?
kimbocamp asked: to affect the value of their currencies. This is known as a managed flexible exchange rate system, or managed float, because it combines fixed and flexible exchange rates.
The diagram below shows the market for euros, where the exchange rate is defined as U.S. dollars per euro. Suppose that the central bank for the [...]
What do you think will happen if there was no money on earth?
stay beautiful [luv] asked: I started to think of it when we were learning about the Native Americans and they used trade as currency. I was wondering if money wasn’t our official currency then would we go back to trading or if everything was free or what. I know its a slim chance of happening [...]
What affects a country’s currency and its exchange rate?
Alyss asked: What can affect a country’s exchange rate and currency value in relation to foreign trade?
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