Which exchange-rate system does not require monetary reserves for official exchange rate intervention? A. Floating exchange rates B. Pegged exchange rates C. Managed floating exchange rates D. Dual exchange rates

Which exchange-rate system does not require monetary reserves for official exchange rate intervention?  
A. Floating exchange rates  
B. Pegged exchange rates  
C. Managed floating exchange rates  
D. Dual exchange rates
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1 Answer

Answer :

A. Floating exchange rates
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