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Floating exchange rates

Provide solution of this question. In saying that the present system of floating exchange rates is managed we mean that: A) countries which allow their exchange rate to move freely will lose their borrowing privileges with the IMF.  B) the value of any IMF member's currency can only vary 2 percent from its par value.  C) IMF officials determine exchange rates on a day-to-day basis.  D) the central banks of several countries sometimes buy and sell foreign exchange to alter undesirable trends in exchange rates.

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