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If a Currency's Par Rate (Defined as US Dollars Per

Question 190

Multiple Choice

If a currency's par rate (defined as US dollars per unit of foreign currency) was ________ the equilibrium rate and this persisted,then under the Bretton Woods System,the country would be allowed a currency ________.


A) above; devaluation
B) equal to; devaluation
C) below; devaluation
D) above; overvaluation

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