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    Applied International Economics
  4. Exam
    Exam 18: Fixed Exchange Rates and Currency Unions
  5. Question
    When a Country Has an Inconvertible Currency the Government Adopts
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When a Country Has an Inconvertible Currency the Government Adopts

Question 81

Question 81

True/False

When a country has an inconvertible currency the government adopts exchange controls and becomes a monopolist with respect to holding all foreign exchange.

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