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QUESTION 2 (25 MARKS) Using a search word like currency crisis, select a currency from a country that experienced a crisis in the previous
QUESTION 2 (25 MARKS) Using a search word like "currency crisis," select a currency from a country that experienced a crisis in the previous year. Write a short essay explaining the root reasons of the currency crisis. (a) Explain how the currency's depreciation has influenced the country's economic position. (b) (c) (10 marks) Justify if the currency's weakness created the country's economic crisis or the currency's weakness caused the country's economic problem. (10 marks) Discuss if the country's central bank was successful in acting immediately to resolve the problem. (5 marks)
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