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NYC NYC
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8 years ago
If a nation's interest rates are relatively low compared to those of other countries, then the exchange value of its currency will tend to:
A) depreciate under a system of fixed exchange rates.
B) appreciate under a system of floating exchange rates.
C) depreciate under a system of floating exchange rates.
D) appreciate under a system of fixed exchange rates.
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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NYC Author
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#2
8 years ago
Good answer, thanks.
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