AP Macroeconomics Question 215: Answer and Explanation

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Question: 215

9. With a managed float

  • A. countries occasionally intervene in foreign exchange markets.
  • B. countries never have to intervene in foreign exchange markets.
  • C. countries must constantly intervene to maintain the value of their currencies.
  • D. exchange rates are fixed.
  • E. each currency is worth a stated amount of gold.

Correct Answer: A

Explanation:

(A)