1. Which of the following methods can be used to fix a countrys exchange rate at a...
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1. Which of the following methods can be used to fix a country’s exchange rate at a predetermined level?
I. using foreign exchange reserves to buy its own currency II. using monetary policy to change interest rates III. implementing foreign exchange controls
a. I only
b. II only
c. III only
d. I and II only
e. I, II, and III
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