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    Microeconomics Study Set 45
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    Exam 27: The Balance of Payments, Exchange Rates, and Trade Deficits
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    A System of Fixed Exchange Rates Is More Likely to Result
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A System of Fixed Exchange Rates Is More Likely to Result

Question 254

Question 254

True/False

A system of fixed exchange rates is more likely to result in exchange controls than is a system of flexible (floating)exchange rates.

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