Question
Hong Kong dollar is one of the major example of the pegged exchange rate system. It is pegged to the US dollar. What is the
Hong Kong dollar is one of the major example of the pegged exchange rate system. It is pegged to the US dollar. What is the likely outcome in the following trade patterns by the depreciation of the New Zealand dollar against the US dollar: (a) Hong Kong import to New Zealand and (b) Hong Kong exports to the Australia.
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