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Under a pegged exchange rate system Question 1 options: The balance of payments never balances The current account surplus/deficit is exactly offset by the capital
Under a pegged exchange rate system Question 1 options: The balance of payments never balances The current account surplus/deficit is exactly offset by the capital account deficit/surplus The official reserves account increase/decrease exactly offsets the algebraic sum of the current and capital account The official reserves account increase/decrease exactly offsets the errors
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Exploring Economics
Authors: Robert L Sexton
5th Edition
978-1439040249, 1439040249
