Question
A country's currency that strengthened relative to another country's currency by less than that justified by the differential in inflation is said to be ________
A country's currency that strengthened relative to another country's currency by less than that justified by the differential in inflation is said to be ________ in terms of PPP.
over compensating
overvalued
under compensating
undervalued
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International Financial Markets And The Firm
Authors: Piet Sercu, Raman Uppal
1st Edition
1861523548, 978-1861523549
