Floating exchange rates, Provide solution of this question. In saying that the present

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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