A country in South America allows its currency to nominally float freely against other currencies, but the government has the right to intervene if it believes that the currency has deviated too far from its fair value. In this country, the value of currency is determined based on a____float system.

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LoganSWhitehead11801 LoganSWhitehead11801

06-07-2024
Business

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A country in South America allows its currency to nominally float freely against other currencies, but the government has the right to intervene if it believes that the currency has deviated too far from its fair value. In this country, the value of currency is determined based on a____float system.

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