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Refer to Exhibit 35-4. Under a fixed exchange rate system, at the exchange rate of El, the peso is and there is a a. overvalued;

Refer to Exhibit 35-4. Under a fixed exchange rate system, at the exchange rate of El, the peso is and there is a a. overvalued; surplus of dollars b. undervalued; shortage of pesos C. Correct overvalued ; shortage of dollars

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