Multiple Choice
Because of speculative attacks due to the belief a fixed rate will fail, pegged exchange rates:
A) usually exhibit a long, lingering decline and eventual failure.
B) often collapse suddenly.
C) will be revived as the central bank has a wake-up call from the financial sector.
D) are usually not a good idea in the first place.
Correct Answer:

Verified
Correct Answer:
Verified
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