floating exchange rate
An exchange rate that is determined by market conditions rather than being officially set. (Compare fixed exchange rate.)
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What does "scattergood" mean?
a person who acts as though he or she knows everything and who dismisses the opinions, comments, or suggestions of others.
a person who spends possessions or money extravagantly or wastefully; spendthrift.
a well-intentioned but naive and often ineffectual social or political reformer.
TAKE THE QUIZ TO FIND OUTWords nearby floating exchange rate
floating assets, floating cartilage, floating charge, floating debt, floating dock, floating exchange rate, floating foundation, floating gang, floating heart, floating island, floating kidney
The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.