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It is much easier to forecast a future exchange rate for a relatively ________ currency that is pegged to the U.S. dollar, such as the

It is much easier to forecast a future exchange rate for a relatively ________ currency that is pegged to the U.S. dollar, such as the Hong Kong dollar, than for a currency that is ________, such as the Japanese yen.

flexible; freely floating

stable; pegged to the dollar

stable; freely floating

flexible; managed floating

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