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The Figure Given Below Depicts the Foreign Exchange Market for British

Question 29

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The figure given below depicts the foreign exchange market for British pounds traded for U.S. dollars.Figure 22.2
The figure given below depicts the foreign exchange market for British pounds traded for U.S. dollars.Figure 22.2 -When an exchange rate is established as a fixed peg, active intervention may be required to maintain the target-pegged rate.
-When an exchange rate is established as a fixed peg, active intervention may be required to maintain the target-pegged rate.

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