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Under a Fixed Exchange Rate Regime,if a Country Has an ________

Question 86

Multiple Choice

Under a fixed exchange rate regime,if a country has an ________ exchange rate,then its central bank's attempt to keep its currency from depreciating will result in a ________ of international reserves.


A) undervalued;gain
B) undervalued;loss
C) overvalued;gain
D) overvalued;loss

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