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Put the steps of a typical currency crisis in order from first to last. Start by clicking the first item in the sequence or dragging
Put the steps of a typical currency crisis in order from first to last. Start by clicking the first item in the sequence or dragging it here People, especially investors, lose faith in the government's ability to keep its exchange rate. The government devalues its currency. Investors sell off the nation's currency, exchanging it for more reliable foreign currencies. The government commits itself to a fixed exchange rate. The government faces difficulty in sticking to its promised exchange rate
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