Question: For which reason is the current foreign exchange system sometimes thought of as a managed - float system? Countries use a reference currency to estimate

For which reason is the current foreign exchange system sometimes thought of as a managed-float system?
Countries use a reference currency to estimate the value of their currencies.
Governments intervene frequently in the foreign exchange market.
The exchange rates of a currency are determined by market forces.
Major currencies are allowed to freely float against each other.
For which reason is the current foreign exchange system sometimes thought

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