International Money and Finance

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Across
  1. 3. Another term for a flexible exchange rate system.
  2. 5. A policy tool that is more independent in a flexible exchange rate system.
  3. 10. In a flexible exchange rate system, supply and demand determine the exchange rate.
  4. 11. A country with a fixed exchange rate needs large amounts of this to maintain the peg.
  5. 14. The act of buying and selling currencies in anticipation of price changes in a floating system.
  6. 15. The central bank of India, which intervenes under a managed float system.
  7. 18. A deliberate reduction in a currency's value in a fixed exchange rate system.
  8. 19. A floating exchange rate system can help adjust this by making exports cheaper or more expensive.
  9. 20. A type of exchange rate where a currency is fixed to another but can be adjusted occasionally.
Down
  1. 1. Flexible exchange rates can help absorb these better than fixed ones.
  2. 2. A type of exchange rate system where market forces determine currency value without central bank intervention.
  3. 4. Central banks do this in a managed float system to stabilize the currency.
  4. 6. A strict form of fixed exchange rate where the country holds reserves equal to money in circulation.
  5. 7. An exchange rate system where the currency is tied to another currency or a basket of currencies.
  6. 8. A situation where a country with a fixed exchange rate faces pressure to devalue.
  7. 9. An increase in the official exchange rate of a currency in a fixed system.
  8. 12. The price of one currency in terms of another.
  9. 13. Another term for a managed float system, combining both fixed and flexible elements.
  10. 16. A fixed exchange rate can help control this by maintaining currency stability.
  11. 17. In a managed float system, exchange rates fluctuate within this limited range.