Multiple Choice
If Egypt has a chronic unfavorable balance of trade, it will eventually lead to
A) the Egyptian government's decision to appreciate its currency (the pound)
B) the Egyptian government's decision to devalue its currency (the pound)
C) the Egyptian government's policy to create a favorable balance of payments
D) the Egyptian government's policy to create a favorable balance on current account
E) a negative balance of payments
Correct Answer:

Verified
Correct Answer:
Verified
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