Which among the following statement is INCORRECT? Options: A . &nbspFloating exchange rate system works on the market mechanism B . &nbspFloating exchange rate breeds uncertainties and speculation C . &nbspEconomic and political factors and value judgement influence the choice of the exchange rate system D . &nbspThe system of floating exchange rate requires comprehensive government intervention

Which among the following statement is INCORRECT?

Question

Which among the following statement is INCORRECT?

Options:

A . Floating exchange rate system works on the market mechanism

B . Floating exchange rate breeds uncertainties and speculation

C . Economic and political factors and value judgement influence the choice of the exchange rate system

D . The system of floating exchange rate requires comprehensive government intervention

Answer: Option D

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