The reason the current exchange rate system is called a "managed float" is that O a. it is managed by the IMF. O b. Congress passed a law declaring that the exchange rate system be legally termed...

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Extracted text: The reason the current exchange rate system is called a "managed float" is that O a. it is managed by the IMF. O b. Congress passed a law declaring that the exchange rate system be legally termed "managed float." O c. only the forces of supply and demand determine the exchange rates. O d. it recognizes that there will be some intervention by central banks. O e. it is basically a misnomer.