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9:13 AM | 19.4KB/s Ki 20' O a expmdltgmom/expertqna Hide student question Chegg @ Time to answer question: 01:28:15 J v Suppose that a small

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9:13 AM | 19.4KB/s Ki 20' O a expmdltgmom/expertqna Hide student question Chegg @ Time to answer question: 01:28:15 J v Suppose that a small developing country only has the capacity to produce agricultural products, As a result, they rely on imports from China, the USA and France to sustain local consumption. If this country wants to minimise ination caused by exchange rate uctuations, it should let its currency oat freely. peg its currency against the USD, because the US currently has the largest economy. peg its currency against the Euro, as the Euro is used not only used in France, but in many other European countries. peg its currency against the Yuan, as China has a growing economy, peg its currency against a basket of currencies which includes the USD, Yuan and Euro. Skip question Exit Next I 4

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