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    Exam 15: International and Balance of Payments Issues in the Macro Economy
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    When the Exchange Rate Is Allowed to Shift Gradually Over
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When the Exchange Rate Is Allowed to Shift Gradually Over

Question 9

Question 9

Multiple Choice

When the exchange rate is allowed to shift gradually over time, or within an exchange rate band which may also shift over time, this is considered an) :


A) hard peg.
B) soft peg.
C) inflexible peg.
D) none of the above.

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