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    Economics Principles and Policy Study Set 2
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    Exam 35: The International Monetary System: Order or Disorder
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    In Order to "Defend" Its Overvalued Currency, Argentina in 2002
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In Order to "Defend" Its Overvalued Currency, Argentina in 2002

Question 2

Question 2

Multiple Choice

In order to "defend" its overvalued currency, Argentina in 2002 had to reduce its


A) interest rates.
B) tax levels.
C) holdings of foreign reserves.
D) balance of payments surpluses.

Correct Answer:

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