Multiple Choice
When Argentina experiences a period of high inflation and Argentineans lose confidence in their peso as a store of value, which of the following would be least likely to occur?
A) The demand for pesos would decrease.
B) The buying power of the peso would decrease.
C) The value of foreign currencies would depreciate relative to the peso.
D) Argentineans would use a different currency as a medium of exchange.
Correct Answer:
Verified
Correct Answer:
Verified
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