3. In an op-ed article, Paul Volcker, former chairman of the Board of Governors of the Federal...
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3. In an op-ed article, Paul Volcker, former chairman of the Board of Governors of the Federal Reserve, asked the following question: “Is it really worth spending money in the exchange markets, modifying monetary policy, and taking care to balance the budget just to save another percentage or two [of value of exchange rates]?” What’s your answer to this question?
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