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Suppose that Mexico has external debt, and the value of the country's currency, the peso, falls. Which of the following is true? Question content area

Suppose that Mexico has external debt, and the value of the country's currency, the peso, falls. Which of the following is true? Question content area bottom Part 1 A. The peso value of the loans will decrease as well. B. Mexico will declare bankruptcy. C. The cost of debt service will be higher. D. Mexico will find it easier to pay off its external debt

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