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Under a fixed exchange rate system: a foreign exchange market does not exist. central bank intervention in the foreign exchange market is not necessary. central
Under a fixed exchange rate system:
| a foreign exchange market does not exist. | ||
| central bank intervention in the foreign exchange market is not necessary. | ||
| central bank intervention in the foreign exchange market is often necessary. | ||
| central bank intervention in the foreign exchange market is not allowed |
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Multinational Financial Management
Authors: Alan C Shapiro, Paul Hanouna
11th Edition
1119559901, 9781119559900
