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bedau bedau
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Posts: 986
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6 years ago
Under a fixed exchange rate system, if the British pound is undervalued, the British monetary authorities must
A) buy pounds or sell dollars.
B) sell pounds or buy dollars.
C) sell foreign exchange or gold and buy pounds.
D) devalue their currency.
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
Author:
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thecromthecrom
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6 years ago
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bedau Author
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6 years ago
Helped a lot
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Yesterday
Thank you, thank you, thank you!
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2 hours ago
Good timing, thanks!
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