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    Global Business Today Study Set 6
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    Exam 10: The Foreign Exchange Market
  5. Question
    When Residents and Nonresidents Rush to Convert Their Holdings of Domestic
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When Residents and Nonresidents Rush to Convert Their Holdings of Domestic

Question 19

Question 19

True/False

When residents and nonresidents rush to convert their holdings of domestic currency into a foreign currency,the phenomenon is generally referred to as capital flight.

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