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A domestic currency appreciation could lead to an immediate negative effect on the trade balance, if the domestic: O import and export contracts are written
A domestic currency appreciation could lead to an immediate negative effect on the trade balance, if the domestic: O import and export contracts are written in dollar O import and export contracts are written in foreign currency. O import contracts are written in foreign currency and the domestic export contracts are written in domestic currency. O import contracts are written in domestic currency and the domestic export contracts are written in foreign currency
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