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The Asian currency crisis a. Was caused because these countries had pegged their currencies to the yen b. Was caused in part by exchange rates
The Asian currency crisis
a. Was caused because these countries had pegged their currencies to the yen
b. Was caused in part by exchange rates pegged to the US dollar while interest rates in Asian countries were much higher than US interest rates
c. Was caused because these countries had built up huge official reserves of US dollars
d. Was most severe in Hong Kong
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