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Economics
MEDIUM
ENGLISH
Economics
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
Option A
depreciate under a system of floating exchange rates
Correct answer
C
appreciate under a system of floating exchange rates
Option C
D
appreciate under a system of floating fixed rates
Option D
Correct answer: B
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