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If a countrys freely floating currency is undervalued in terms of purchasing power parity, its current account is likely to be: A. in deficit or
If a countrys freely floating currency is undervalued in terms of purchasing power parity, its current account is likely to be:
A. | in deficit or tending toward a deficit | |
B. | a candidate for loans from the World Bank | |
C. | subsidised by the International Monetary Fund | |
D. | in surplus or tending toward a surplus |
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